Ask Question
BusinessBusiness
29 April, 13:48

A check of $300,000, deposited by a company, was returned to the bank for nonsufficient funds. How would this information be included on the bank reconciliation?

+1
Answers (1)
  1. 29 April, 13:58
    0
    Answer: A deduction on the book side

    Explanation: A check of $300,000, deposited by a company, was returned to the bank for non-sufficient funds. This information would be included on the bank reconciliation as a deducted on the book side.

    A bank reconciliation can be defined as the process by which the bank account balance in an entity's books of account is reconciled to the balance as reported by the bank in a bank statement.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A check of $300,000, deposited by a company, was returned to the bank for nonsufficient funds. How would this information be included on ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Gross national product gnp would include Select one: a. Final goods and services produced by American resources b. Final goods and services produced in other countries by US firms c.
Answers (1)
A problem at work must be handled the same way as a personal conflict.
Answers (1)
What are possible problems that can happen when karst aquifers are refilling during storms?
Answers (1)
In a single writing, a painter contracted with a farmer to paint three identical barns on her rural estate for $2,000 each. the contract provided for the farmer's payment of $6,000 upon the painter's completion of the work on all three barns.
Answers (1)
A restrictive endorsement on a check
Answers (2)
New Questions in Business
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
Home » Business » A check of $300,000, deposited by a company, was returned to the bank for nonsufficient funds. How would this information be included on the bank reconciliation?
Sign Up Forgot Password?