What is the correct procedure when you have been notified that a cheque from a tenant, which has been deposited into the trust account, has been dishonoured - 1)Make a note on the tenant file NOT to accept future cheques drag_ 2)If this can't be done immediately, cancel the receipt and reverse the transaction drag_ 3) Contact the tenant immediately to replace the dishonoured cheque amount drag_ 4) If needed, contact the landlord and advise them of the situation

What is the correct procedure when you have been notified that a cheque from a tenant, which has been deposited into the trust account, has been dishonoured - 1)Make a note on the tenant file NOT to accept future cheques drag_ 2)If this can't be done immediately, cancel the receipt and reverse the transaction drag_ 3) Contact the tenant immediately to replace the dishonoured cheque amount drag_ 4) If needed, contact the landlord and advise them of the situation

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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