Accompanying the Bank Statement Is a Debit Memorandum for an NSF

question 92

Multiple Choice

Accompanying the bank statement is a debit memorandum for an NSF check for $120. This item would be included on the bank reconciliation as a(n)

• A) addition to the bank statement balance.
• B) deduction from the bank statement balance.
• C) addition to the ledger balance of cash.
• D) deduction from the ledger balance of cash.
• E) addition to a revenue account.

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Definitions:

Relativistic

Pertaining to the concept that points of view have no absolute truth or validity, having only relative, subjective value according to differences in perception and consideration.

Pragmatic Thought

A mode of thinking concerned with practical matters and the application of ideas and theories to solve problems or achieve goals.

Reflective

Thoughtful consideration of one's experiences and actions.

Autonomous

Having the freedom to govern oneself or to act independently without being controlled by others.