Notification by the Bank That a Deposited Customer Check Was

question 77

Multiple Choice

Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjustment:

• A)Increase Accounts Receivable Decrease Cash
• B)Increase Cash Decrease Accounts Receivable
• C)Increase Miscellaneous Expense Decrease Accounts Receivable
• D)No adjustment is necessary.

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Definitions:

Subtotal

Subtotal refers to an intermediate total that summarizes the value of a specific subgroup of items within a larger list or set, often used in accounting and data analysis.

Calculated Control

In software, especially databases, it refers to a control element that displays a value based on calculations performed on data rather than storing the value itself.

Expression

A combination of symbols, values, and operators that, when evaluated, results in a single value; used in mathematics, programming, and logic.

Default View

The initial or preset display mode or perspective of an application, document, or system when first opened or accessed.