Examlex
Which of the following is not true for a SN1 mechanism?
Bank Service Charges
Fees charged by banks for various services such as account maintenance, transactions, or overdrafts.
Deposit In Transit
Money that has been received and recorded by a company but has not yet been reflected in the bank's records.
NSF Check
A check that cannot be honored because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."
Outstanding Checks
Checks that have been issued and recorded in accounting records but have not yet been cashed or cleared by the bank.
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