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:

Trade Restrictions

Measures imposed by governments to limit international trade for various reasons, including protecting domestic industries.

Domestic Supply

The total amount of a product or service that is available to consumers in a domestic market.

Specific Tariff

Is a fixed fee imposed on imported goods, based on a specific amount per unit (such as per ton, kilogram, or item), as opposed to the value of the goods.

World Price

The international market price of a good, determined by global supply and demand conditions.