Question

multiple select question
select all that apply
which of the following activities will cause the company’s account to be decreased?
☐ nonsufficient funds check
☐ service charge
☐ interest credited
☐ eft payment

Explanation:

• A nonsufficient funds check results in the bank reversing a previously credited amount, decreasing the company's account.
• A service charge is a fee deducted by the bank, reducing the account balance.
• An EFT payment is an electronic transfer of funds out of the account, lowering the balance.
• Interest credited increases the company's account balance, so it is not a decreasing activity.

Answer:

• Nonsufficient funds check
• Service charge
• EFT Payment