Posting Debit Adjustments, Ch. 13

Question 1

Resolving nonsufficient funds payments: True or false: to resolve an NSF payment first locate the first visit that contains a payment in Prof TX Inquiry.

Answer 1

Then click the functions button, and select the adjustment posting option.

Question 2

True or false: The NFS payment reversal procedures is not matched to any transaction. It is a stand-alone debit adjustment.

Answer 2

Falls. The payment reversal is a matched to the NSF payment. They cancel each other out.

Question 3

True or false: the NSF fee procedure will not be matched to any transactions because it is a standalone debit adjustment

Answer 3

True

Question 4

True or false: the way to resolve a check with nonsufficient funds is to avoid the payment in the system.

Answer 4

False