Accompanying the Bank Statement Was a Debit Memorandum for an NSF

question 70

Multiple Choice

Accompanying the bank statement was a debit memorandum for an NSF check received from a customer.This item would be included on the bank reconciliation as a(n)

• A)deduction from the balance per depositor's records.
• B)addition to the balance per bank statement.
• C)deduction from the balance per bank statement.
• D)addition to the balance per depositor's records.

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Definitions:

Attitude-Based Choice

Process that involves the use of general attitudes and summary impressions.

Purchasing Power

The ability of an individual or group to buy goods and services, influenced by their income, savings, and the prices of goods and services.

Inflation

An increase in the general level of prices of products in an economy over a period of time.

Federal Commerce Commission

Likely referring to the Federal Trade Commission, a U.S. federal agency tasked with protecting consumers and promoting competition.