In a Bank Reconciliation,a NSF Check Is

question 68

Multiple Choice

In a bank reconciliation,a NSF check is:

• A)added to the bank balance.
• B)added to the book balance.
• C)subtracted from the book balance.
• D)subtracted from the bank balance.

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Definitions:

Restricted Fund Method

An accounting practice where funds are designated for specific purposes and are restricted from general use.

Donation Revenue

Income received from donations, often pertaining to non-profit organizations.

Specific Project

A particular and defined piece of work, usually with a set duration, objectives, and resources, meant to achieve a specific goal.

Restricted Contribution

Funds donated with specific conditions attached by the donor, limiting the use of the funds by the recipient.