Question Details

A cheque returned by bank marked "NSF" means that


1. Favourable balance of cash book implies that
A)Credit balance of cash book
B)Debit balance of cash book
C)Bank overdraft
D)Adjusted balance of cash book 
2. A cash deposit made by business appears on the bank statement as _______ balance
A)Debit
B)Credit
C)Expenses
D)Liability 
3. A cheque returned by bank marked "NSF" means that
A)Bank can©t verify your identity
B)There are not sufficient funds in your account
C)Check has been forged
D)Check can©t be cashed being illegal 
4.Bank reconciliation statement is prepared by 
A) Accountant of the business
B) Manager of the Bank 
C) Controller of the bank 
D) Accountant of the bank 


Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help