Which One of the Following Would not Cause a Bank

question 171

Multiple Choice

Which one of the following would not cause a bank to decrease a depositor's account?

• A)Bank service charge.
• B)Collection of a note receivable.
• C)Wiring of funds to other locations.
• D)Checks marked NSF.

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information.

Partnership Assets

Assets that are owned by a partnership, representing the investment and resources used in the operation of the partnership.

Managing Partner

An individual tasked with overseeing the operations of a partnership or firm, often having the authority to make managerial decisions.

Profit Statements

Financial statements that summarize the revenues, costs, and expenses incurred during a specific period of time, showing the company's net earnings or losses.