Multiple Choice
Classify each of the following reconciling items of the Tic and Tac Company as:
-Cheque returned by the bank marked NSF ________
A) an addition to the bank balance
B) a deduction from the bank balance
C) an addition to the book balance
D) a deduction from the book balance
E) not a reconciling item
Correct Answer:
Verified
Correct Answer:
Verified
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