A Check of $300,000,deposited by a Company,was Returned to the Bank

question 70

Multiple Choice

A check of $300,000,deposited by a company,was returned to the bank for nonsufficient funds.How would this information be included on the bank reconciliation?

• A) a deduction on the bank side
• B) an addition on the bank side
• C) an addition on the book side
• D) a deduction on the book side

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Definitions:

Hydrophobic

Hydrophobic refers to substances that repel water, often characterized by nonpolarity and insolubility in water.

Soap

Salt of fatty acids that are primarily used for cleaning and lubrication, formed by the reaction between an alkali and a fat or oil.

Detergent

A chemical compound used to remove dirt, including surfactants that can break up and remove grease and oil.

Terpenes

A large and diverse class of organic compounds produced by a variety of plants, especially conifers, which are often strong smelling and used in natural roles as protection against herbivores, insects, and pathogens, as well as in perfumes, spices, and pharmaceuticals.