When a Depositor Receives a Bank Statement Indicating a "NSF

question 64

Multiple Choice

When a depositor receives a bank statement indicating a "NSF cheque," what should he do?

• A)credit a special receivable for the amount of the cheque.
• B)record the amount as an expense of the current period.
• C)credit the cash account for the amount of the cheque.
• D)debit sales revenue.

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