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    Horngrens Accounting Study Set 2
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    Exam 8: Internal Control and Cash
  5. Question
    If a Customer's Cheque That Has Been Deposited Is Returned
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If a Customer's Cheque That Has Been Deposited Is Returned

Question 128

Question 128

True/False

If a customer's cheque that has been deposited is returned with the bank statement marked "insufficient funds (NSF)," it would appear on the bank reconciliation as a deduction from the ending book balance.

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