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 a notes receivable.

Question

Quizplus · Accepted Answer

A debit memorandum is issued by the bank for charges or deductions from an account, such as service charges, issuance of traveler's checks, or wiring of funds. However, the collection of a notes receivable would result in a credit to the account, not a debit.

A Debit Memorandum Would Not Be Issued by the Bank