What documentation issued by a bank increases a company's checking account balance at the bank?
A)Credit memo
B)Debit memo
C)Balance sheet
D)Certified check

Question

Quizplus · Accepted Answer

A credit memo is a documentation issued by a bank that increases a company's checking account balance at the bank. It is issued when the bank receives funds on behalf of the company or when the company has made an overpayment on a previous invoice.

What Documentation Issued by a Bank Increases a Company's Checking