Accompanying the bank statement was a debit memorandum for an NSF check received from a customer.This item would be included on the bank reconciliation as a(n)

Name: Accompanying the bank statement was a debit memorandum for an NSF check received from a customer.This item would be included on the bank reconciliation as a(n)
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Question

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An NSF (non-sufficient funds) check means the customer's check bounced, so the amount must be deducted from the depositor's records, as it was previously recorded as a deposit.

Accompanying the Bank Statement Was a Debit Memorandum for an NSF