The checkbook should be credited when a memorandum for which of the following is received?
A) overdraft charge
B) interest earned
C) NSF
D) service charge

Question

Quizplus · Accepted Answer

The checkbook should be credited when a memorandum for interest earned is received, meaning the account has gained money. The other options (overdraft charge, NSF, and service charge) indicate that the account has lost money and should be debited.

The Checkbook Should Be Credited When a Memorandum for Which