A check for which a maker's bank account has inadequate money to pay the check is known as ________.
A)nonsufficient funds checks
B)outstanding checks
C)restrictive checks
D)canceled checks

Question

Quizplus · Accepted Answer

A check for which a maker's bank account has inadequate money to pay the check is known as nonsufficient funds (NSF) checks. Outstanding checks are checks that have been written and recorded in a company's accounting system but have not yet been processed or cleared by the bank. Restrictive checks are checks that have specific instructions on how they can be used, such as "for deposit only." Canceled checks are checks that have been processed by the bank and deducted from the account balance.

A Check for Which a Maker's Bank Account Has Inadequate