A NSF Check Should Appear in Which Section of the Bank

question 76

Multiple Choice

A NSF check should appear in which section of the bank reconciliation?

• A) Addition to the balance per books.
• B) Deduction from the balance per bank.
• C) Addition to the balance per bank.
• D) Deduction from the balance per books.

Grasp the principles of accrual basis accounting, including revenue recognition and matching principles.

Identify and explain the need for adjusting entries and their effects on the accounting equation.

Recognize and differentiate between prepaid expenses, accrued expenses, and unearned revenues.

Understand and apply the concept of depreciation and its impact on financial statements.

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Definitions:

Hogback

A narrow ridgeline with steep slopes on both sides, commonly formed from the erosion-resistant edge of a tilted sedimentary rock layer.

Unmetamorphosed Sandstone

Sandstone that has not undergone metamorphism and retains its original sedimentary characteristics.

Cleavage

The tendency of a mineral to break along flat planar surfaces as determined by the structure of its crystal lattice.

Foliation

A feature of metamorphic rocks where mineral grains are arranged in planes or bands, giving the rock a layered appearance.