To Record a NSF Cheque, You Can -

question 10

Multiple Choice

To record a NSF cheque, you can -

• A) re-enter the original sales invoice to restore the balance owing
• B) reverse the receipt from the adjusting receipt screen
• C) make a general journal entry that debits Accounts Receivable and credits the bank account for the cheque amount
• D) use any of the above methods to record the NSF transaction correctly

---

Definitions:

Budget Constraint

The restrictions on the sets of goods and services a consumer can purchase, determined by their income and the cost of these items.

Nachos

A Mexican dish consisting of heated tortilla chips covered with melted cheese and often also served with a variety of toppings.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

Marginal Rate

The additional cost or benefit associated with a one-unit increase in activity, often used in the context of taxation or production.