Question

When preparing a bank reconciliation, a not sufficient funds (nsf) check is _____?

Answer 1

Step-by-step explanation:

Deducted from the cash balance on books. It represents a deposit that was returned by the bank because the payer didn’t have funds in their bank account to cover the deposit.

Answer 2

Hey You!

When preparing a bank reconciliation, a not sufficient funds (NSF) check is deductee from the balance according to the company's records.