Which of the following is an example of a debit memorandum?
A) Notice of a bank service charge
B) Notice of interest earned on a checking account
C) Outstanding checks
D) A company's transposition error in the recording of a deposit

Question

Quizplus · Accepted Answer

A debit memorandum is typically used to notify the account holder of a deduction from their account, such as a bank service charge.

Which of the Following Is an Example of a Debit