After Preparing the Bank Reconciliation,an NSF Check Would Result in Which

question 113

Multiple Choice

After preparing the bank reconciliation,an NSF check would result in which of the following when recording the adjustment to the company's cash balance?

• A)Debit to Service Fee Expense.
• B)Credit to Accounts Payable.
• C)Credit to Service Revenue.
• D)Debit to Accounts Receivable.

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Definitions:

Tax Benefits

Advantages granted by the government to reduce one's tax liability.

Acquisition

The process of obtaining control of another company or asset through purchase or merger.

Antitrust Regulations

Laws and regulations designed to promote competition and prevent monopolies by prohibiting business practices that restrict or control trade and market dominance.

Divest

The process of selling off subsidiary business interests or investments as a strategic move for a company.