Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 21 - No. 6)
What is the impact of NSF checks on the bank reconciliation?
Added to the bank balance
Subtracted from the bank balance
Added to the book balance
Subtracted from the book balance
Explanation
NSF checks reduce the book balance because the company initially recorded the deposit, but it was later rejected by the bank.
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