Checks Received in the Mail Should Be Immediately Stamped "NSF

question 41

True/False

Checks received in the mail should be immediately stamped "NSF" to prevent unauthorized cashing of the check.

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Definitions:

Direct Method

A cash flow statement preparation approach that enumerates major classes of gross cash receipts and payments.

Beginning Balance

The amount of money or value available in an account at the start of a new financial period.

Ending Balance

The amount of money or value in an account at the end of a financial period.

Cash Dividend

A payment made by a company out of its profits to its shareholders, usually in the form of cash.