Match the following terms with their correct definition.
-A bank reconciling item that must be subtracted from the unadjusted book balance when preparing a bank reconciliation
A)Bank reconciliation
B)Deposit in transit
C)Non-sufficient funds check
D)Outstanding check
E)Service charges

Question

Quizplus · Accepted Answer

A non-sufficient funds check is a check that has been returned by the bank because the account it was drawn on does not have enough funds to cover it. This amount must be subtracted from the unadjusted book balance during bank reconciliation.

Match the Following Terms with Their Correct Definition