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Periodically, a Company will receive a Debit Memo from their Bank due to a Non-Sufficient Funds (NSF) check. What causes a check to be returned

Periodically, a Company will receive a Debit Memo from their Bank due to a Non-Sufficient Funds (NSF) check.

  1. What causes a check to be returned as Non-Sufficient Funds?
  2. How does a NSF check affect the Bank Reconcilement ?

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