This Month's Bank Statement Includes a Check from a Customer

question 83

Multiple Choice

This month's bank statement includes a check from a customer that was marked NSF.How would this item be treated on the bank reconciliation? Is it added to or deducted from the bank balance or the company's cash (book) balance?

• A) It would be deducted from the book balance.
• B) It would be added to the bank balance.
• C) It would be deducted from the bank balance.
• D) It would be added to the book balance.

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Definitions:

Goal Development

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Motivational Congruence

Refers to the alignment between an individual's motivations and their actions or goals, enhancing personal satisfaction and success.

Baseline Measures

Baseline measures refer to the initial data collected at the beginning of a study or assessment period, which is used as a point of comparison for future measurements.

Establishing

The act of setting up or founding something with a firm or stable basis, such as an organization, principle, or relationship.