The Bank Statement Showed a NSF Check of $300

question 57

Multiple Choice

The bank statement showed a NSF check of $300. In a bank reconciliation, this would be shown as a:

• A)$300 deduction from the bank balance.
• B)$300 addition to the bank balance.
• C)$300 deduction from the book balance.
• D)$300 addition to the book balance.

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Definitions:

Crime

Activities that violate the laws of a society and are punishable by authorities.

Execution Costs

Expenses associated with carrying out or implementing a project, policy, procedure, or capital punishment, including planning, administration, and operational expenses.

Taxpayer

An individual or entity that is legally obligated to pay taxes to a federal, state, or local government.

Maximum-Security Prison

A facility designed to house the most dangerous inmates, featuring strict security measures and limited freedoms.