Which of the Following Is NOT True Concerning NSF Checks

question 29

Multiple Choice

Which of the following is NOT true concerning NSF checks:

• A)NSF checks represent customer checks that the business previously deposited but have turned out to be worthless.
• B)The amount of the NSF check will need to be subtracted from the book balance.
• C)The amount of the NSF check will need to be added to the book balance.
• D)NSF stands for nonsufficient funds.

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Definitions:

Bookstore

A retail establishment that primarily sells books, often offering a range of genres, including academic, recreational, and professional titles.

Supply Chain Assets

Resources and capabilities that a company manages across its supply chain, including inventory, facilities, equipment, and information systems, to support effective supply chain operations.

Bulk Sales

Transactions involving large quantities of goods, typically sold at a discount, to businesses rather than individuals.

Small Customers

Individuals or businesses that purchase goods or services in lower volumes compared to larger corporate customers.