All of the following would involve a debit memorandum except
A) a bank service charge.
B) an NSF check.
C) the cost of printing checks.
D) interest earned.

Question

Quizplus · Accepted Answer

Debit memorandum is used to record deductions or reductions to an account balance. Interest earned is a credit, not a deduction, so it would not involve a debit memorandum. The other options (bank service charge, NSF check, and printing check costs) are all examples of deductions and would involve a debit memorandum.

All of the Following Would Involve a Debit Memorandum Except