A Nonsufficient Funds Check Was Returned to Your Company

question 1

Multiple Choice

A nonsufficient funds check was returned to your company. How does the bank treat this on your bank statement?

• A) It is added to the bank balance.
• B) It is shown as a debit memo.
• C) It is shown as a credit memo.
• D) It is shown as an increase to the bank's cash balance.

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