Which of the Following Would Be Included in a Journal

question 50

Multiple Choice

Which of the following would be included in a journal to record an NSF check?

• A) A debit to Accounts payable and a credit to Cash
• B) A debit to Accounts receivable and a credit to Cash
• C) A debit to Cash and a credit to Accounts receivable
• D) A debit to Miscellaneous expense and a credit to Cash

---

Definitions:

Portfolio

A compilation of financial holdings comprising stocks, bonds, commodities, physical currency, and equivalents to cash, which cover mutual funds and ETFs.

Stocks

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Mean

The average of a set of numbers, calculated by adding all the numbers together and dividing by the count of the numbers.

Variance

A measure of the spread between numbers in a data set, indicating how much the numbers differ from the average.