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​Which of the Following Statements About Creating Constraints Is Incorrect?​

question 123

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​Which of the following statements about creating constraints is incorrect?​


Definitions:

Outstanding Checks

Checks that have been written and recorded in the issuer's account but have not yet been cashed or deposited by the recipient.

Bank Service Charges

Fees charged by a bank to its customers for account maintenance and other banking services.

NSF Check

A check that has been returned by a bank because it cannot be cashed due to insufficient funds in the account it was drawn against.

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