Accompanying the Bank Statement Was a Debit Memorandum for an NSF

question 42

Multiple Choice

Accompanying the bank statement was a debit memorandum for an NSF check received from a customer.This item would be included on the bank reconciliation as a(n) :

• A) deduction from the cash balance per books.
• B) addition to the cash balance per bank.
• C) deduction from the cash balance per bank.
• D) addition to the cash balance per books.

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Definitions:

Monetary Amount

The numerical value or sum of money expressed in a currency.

Nearest Cent

Rounding an amount to the closest cent, where amounts under half a cent are rounded down and half a cent or over are rounded up.

Salesperson Drives

Activities or motivations that propel a salesperson to achieve sales targets or perform sales activities.

Pounds Pork

A measurement of pork weight in pounds, commonly used in the sale and distribution of this type of meat.