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?
A)It would be deducted from the book balance.
B)It would be added to the bank balance.
C)It would be deducted from the bank balance.
D)It would be added to the book balance.

Question

Quizplus · Accepted Answer

The book balance is adjusted since the company may not yet know about this item.Think about what the bank did when it processed the item.The NSF check must be deducted from the book balance.

This Month's Bank Statement Includes a Check from a Customer