Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 7 - Cash and Receivables - Questions - Page 4004: 2e

Answer

Accounts receivable or a loss if uncollectible

Work Step by Step

This means that the check was not honored due to Not Sufficient Funds (NSF) and it may be classified as accounts receivable if it is expected to be honored in future or loss if uncollectible.
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