Which one of the following would not cause a bank to debit a depositor's account?
A)Bank service charge
B)Collection of a note receivable
C)Payment of a note payable
D)Cheques marked NSF

Name: Which one of the following would not cause a bank to debit a depositor's account? A)Bank service charge B)Collection of a note receivable C)Payment of a note payable D)Cheques marked NSF
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Question

Quizplus · Accepted Answer

When a bank collects a note receivable on behalf of a depositor, it credits the depositor's account, not debits it.

Which One of the Following Would Not Cause a Bank