How Would Customer's NSF Checks Be Dealt with in a Bank

question 109

Multiple Choice

How would customer's NSF checks be dealt with in a bank reconciliation?

• A) added to company's book balance
• B) deducted from company's book balance
• C) added to bank statement balance
• D) deducted from bank statement balance

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Definitions:

Competitive Situations

Scenarios where individuals or groups are in opposition, aiming to achieve goals that are mutually exclusive or incompatible.

Win-lose Situations

Scenarios in which one party's gain in a conflict or negotiation is directly correlated with another party's loss.

Concession

A concession is an adjustment or compromise made by one party in a negotiation, typically to reach an agreement or settle differences.

Two-dimensional Framework

An analytical model that uses two variables or axes to explore or map complex relationships or systems.