Question: This month's bank statement includes a check from a customer that was marked NSF. How would this item be treated on the bank reconciliation? Is
This month's bank statement includes a check from a customer that was marked NSF. How would this item be treated on the bank reconciliation? Is it added or subtracted from the bank balance or the company's cash (book) balance?\ \ Multiple choice question.\ \ It would be deducted from the company balance.\ \ \ It would be deducted from the bank balance.\ \ \ It would be added to the company balance.\ \ \ It does not belong on the bank reconciliation.\ \ \ It would be added to the bank balance.
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