If an adjustment for an NSF check is made in a company's bank reconciliation, then the company must have written a bad check during the month.

Question

Quizplus · Accepted Answer

An NSF (Non-Sufficient Funds) check adjustment in a company's bank reconciliation typically means a check received by the company from a customer bounced due to insufficient funds in the customer's account, not that the company wrote a bad check.

If an Adjustment for an NSF Check Is Made in a Company's