If You Write a Check for an Amount Greater Than

question 169

Multiple Choice

If you write a check for an amount greater than your account balance,the result will be

• A)an endorsement.
• B)a reconciliation.
• C)an overdraft.
• D)a share draft.
• E)a stop payment.

Comprehend the treatment and purpose of Equity Accounts in accounting.

Know how Customer Transactions are handled and documented in QBO.

Grasp the concept and application of double entry accounting.

Understand the process of entering transactions into QBO and the implications on financial records.