A debit memorandum would not be issued by the bank for
A)a bank service charge.
B)the issuance of traveler's checks.
C)the wiring of funds.
D)the collection of notes receivable.

Question

Quizplus · Accepted Answer

A debit memorandum is issued by the bank for charges that decrease the account balance, such as service charges, issuance of traveler's checks, or wiring of funds. The collection of notes receivable would increase the account balance, not decrease it.

A Debit Memorandum Would Not Be Issued by the Bank