Question : correct journal entry when nsf is recovered.?
Acctg. software used for journal entry is MAS90. However, company is using FMC software for invoices and payments. NSF adjustment and payment are both posted in FMC software. We debit nsf holding and credit cash/bank in MAS90. What would be the correct journal entry in MAS90 if customer pays later on?
mas90

Best answer:

Answer by cool amit
greeeeeeeeeeeeat question!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!