NSF (Not Sufficient Funds)cheques Are Deducting from the Balance Per

question 42

True/False

NSF (Not Sufficient funds)cheques are deducting from the balance per book when conducting bank reconciliation.

---

Definitions:

Straight-Line

A method of calculating depreciation or amortization by evenly allocating the cost of an asset over its expected useful life.

Sum-Of-Years' Digits

An accelerated method of depreciation which involves allocating the cost of an asset over its useful life in a way that results in higher depreciation expense in the earlier years and lower expense in later years.

Salvage Value

The anticipated market value of an asset upon completing its service life.

Matching Principle

An accounting principle that requires expenses to be matched with the revenues they helped to generate in the same period.