In a Bank Reconciliation, a Customer's NSF Check Included with the Bank

question 70

Multiple Choice

In a bank reconciliation, a customer's NSF check included with the bank statement is:

• A)deducted from the bank's cash balance to get the true cash balance.
• B)added to the bank's cash balance to get the true cash balance.
• C)deducted from the company's cash balance to get the true cash balance.
• D)added to the company's cash balance to get the true cash balance.

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Definitions:

Solution-Focused

An approach focusing on finding solutions rather than dwelling on problems, emphasizing positive outcomes and pragmatic strategies.

Priority Goal

An objective or aim considered more important than others, warranting primary focus and resources.

Specific Tasks

Defined actions or duties assigned to individuals or groups aimed at achieving a particular goal.

Level of Commitment

The degree to which an individual or group is dedicated or devoted to a task, cause, or relationship.