In a Bank Reconciliation, an NSF Cheque Is

question 11

Multiple Choice

In a bank reconciliation, an NSF cheque is:

• A) added to the bank balance on the bank statement
• B) deducted from the bank balance on the bank statement
• C) deducted from the bank balance in the general ledger
• D) added to the bank balance in the general ledger

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Definitions:

Business-to-business Sales

Transactions between businesses, such as a manufacturer selling to a wholesaler, as opposed to selling directly to consumers.

Online Trading Community

A digital platform where individuals and businesses can buy and sell goods and services, share information, and collaborate.

Online Marketplace

A digital platform where buyers and sellers can transact for goods and services, often facilitating a wide variety of products from different suppliers.

Core Principles

Fundamental beliefs or guidelines that serve as the foundation for a system, organization, or process.