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    College Accounting Study Set 2
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    Exam 6: Banking Procedure and Control of Cash
  5. Question
    A Nonsufficient Funds Check Was Returned to Your Company
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A Nonsufficient Funds Check Was Returned to Your Company

Question 1

Question 1

Multiple Choice

A nonsufficient funds check was returned to your company. How does the bank treat this on your bank statement?


A) It is added to the bank balance.
B) It is shown as a debit memo.
C) It is shown as a credit memo.
D) It is shown as an increase to the bank's cash balance.

Correct Answer:

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