Examlex
Which of the following statements a) , b) or c) is false?
NSF Check
A Non-Sufficient Funds (NSF) check is a check that cannot be processed because the account it is drawn on does not have enough funds.
Adjusting Entry
An accounting entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Accounts Receivable
The money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
NSF Checks
Non-sufficient funds checks, a term used when a check cannot be honored because the drawer's account lacks enough money.
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