In a bank reconciliation, NSF checks are recorded by the __________, but not yet by the __________.
A) company; bank
B) bank; company
C) vendor; bank
D) bank; vendor

Question

Quizplus · Accepted Answer

NSF (Non-Sufficient Funds) checks are recorded by the bank when they bounce due to insufficient funds in the account of the issuer. The company may not yet have recorded this event in its own books, hence the correct answer is that NSF checks are recorded by the bank, but not yet by the company.

In a Bank Reconciliation, NSF Checks Are Recorded by the __________