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Neporo4naja [7]
3 years ago
13

Accompanying the bank statement was a debit memo for an NSF check received from a customer. This item would be included on the b

ank reconciliation as a(n) a. addition to the balance per bank statement b. addition to the balance per company's records c. deduction from the balance per bank statement d. deduction from the balance per company's records
Business
1 answer:
Arte-miy333 [17]3 years ago
7 0

Answer:

NSF check is also called bounced check, NSF stands for Non-Sufficient Funds. These checks cannot be cashed because of insufficient funds in the payer's account. A client needs to pay bank fees for negotiating a check with non- Sufficient funds. All the banks charge a fee for the bounced check. In case of non sufficient funds, there is deduction from the balance as per the banks statement.

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Answer:

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as shown in the explanation section below

Explanation:

Solution

Given that

COLUMN A                                                        COLUMN B

1.Budgeted Income statement –                      (e)Sales Budget

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5.production Budget –                                       (c)production Budget

Note: This is the complete question to this example.

Complete question

Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.

Column A

1. Budgeted income statement

2. Budgeted balance sheet

3. Cash flow budget

4. Cost of goods sold budget

5. Production budget

Column B

a. Direct materials budget

b. Cost of goods sold budget

c. Production budget

d. Payables budget

e. Sales budget

f. Budgeted income statement

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d. Relies on prices and sales to communicate consumer wants to producers.

Explanation:

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In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.

Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.

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