Accountancy, asked by gparkash7261, 1 year ago

Bank returned cheque dishonored

Answers

Answered by imadassah35
1

Answer:

If the bank refuses to pay the amount to the payee, the cheque is said to be dishonored. In other words, dishonor of cheque is a condition in which bank refuses to pay the amount of cheque to the payee.

Explanation:

The reason is

1. Insufficient fund in the account

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