Which item is necessary for posting a bounced check?

To record a bounced check appropriately, it is necessary to note the bank charges incurred as a result of the check not being honored. Posting to the Bank Charges expense account reflects the financial impact of the bounced check. This entry accounts for the fees that banks typically charge when a check is returned due to insufficient funds or similar reasons.

In this context, it is crucial to track the additional expenses generated by the failed transaction, which is why using an expense account specifically allocated for bank charges is essential. This maintains accurate financial records and helps in understanding the overall cash flow impact on the business.

Other options do not directly facilitate the proper accounting treatment of a bounced check. For instance, a service item for the failed payment, a credit memo for the original invoice, or an exact copy of the original invoice do not serve the primary purpose of reflecting the immediate financial consequences of the bounced check in the company's accounts.