A nonsufficient funds check was returned to your company. How does the bank treat this on your bank statement?
OA. It is shown as a credit memo.
OB. It is added to the balance in your checking account.
OC. It is shown as an electronic funds transfer.
OD. It is subtracted from the balance in your checking account.

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-12T14:23:52-04:00

A nonsufficient funds check returned to a company is subtracted from the balance in the checking account by the bank.

A nonsufficient funds check that is returned to a company is subtracted from the balance in the checking account by the bank.

This type of check indicates that there are insufficient funds available to cover the amount of the check.

When the check is returned, the bank deducts the amount from the account balance to account for the payment that could not be completed.

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