Returned Cheque

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BambooSpirit
Posts: 18
Joined: 19 Apr 2009 05:28
Product: Express
Region: Canada
Location: Oshawa(Toronto), Canada
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Returned Cheque

Post by BambooSpirit » 26 Jun 2012 02:47

Hi,

I had a money order made out for $300USD for a martial arts training conference in Michigan.

At the conference, I was told that I did not pay for the conference.

So this morning, I returned to the bank to deposit the money order back into my business account.

Question: how should I handle this for MW purposes? This is surely not "income" which would be subject to HST etc.

Any help would be appreciated. Still learning my way around MW!

Thank you,
Brian Johns
Oshawa, Ontario

Sam
Posts: 188
Joined: 14 Feb 2012 08:23
Product: Gold
Region: New Zealand

Re: Returned Cheque

Post by Sam » 28 Jun 2012 16:14

I would expect you would create a cash payment on the date you took the money out of your account and then cancel it- you could make the cancellation date the day you rebanked it .

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