Which document issued by a bank reflects a transaction that decreases a company's checking account balance?
A)A debit entry.
B)A debit memo.
C)A credit memo.
D)A reconciling entry.

Question

Quizplus · Accepted Answer

A debit memo is a document issued by a bank to reflect a transaction that decreases a company's checking account balance. It may include fees charged by the bank, checks that have been cleared or returned, or electronic transactions that have been processed.

Which Document Issued by a Bank Reflects a Transaction That