Business, 20.07.2020 01:01 fixianstewart
The following items may appear on a bank statement:
1. Bank correction of an error from posting another customer's check (disbursement) to the company's account.
2. EFT deposit.
3. Loan proceeds.
4. NSF check
Indicate whether each item would appear as a debit or credit memo on the bank statement and whether the item would increase or decrease the balance of the company's account:
Item Appears on the Increases or Decreases
Bank Statement the Balance of the Company's
as a Debit or Credit Memo the Bank Account
1. Bank correction of
an error from posting
another customer's check
(disbursement) to the
company's account Debit memo Decreases
2. EFT deposit Credit memo Increases
3. Loan proceeds Credit memo Increases
4. NSF check Debit memo Decreases
Answers: 2
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The following items may appear on a bank statement:
1. Bank correction of an error from posting ano...
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