Register
Review the statements below to determine the correct definition of a credit memorandum. A. The bank notifies the depositor of each deduction to the account with a credit memorandum. B. The bank notifies
74.6k views
5 votes
Review the statements below to determine the correct definition of a credit memorandum.

A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
B. The bank notifies the depositor of each increase to the account with a credit memorandum.
C. Whenever the balance in the account becomes overdrawn, the bank issues a credit memorandum.
D. Whenever a check is drawn against the account, the bank issues a credit memorandum.

User Akram Berkawy
by
4.5k points

1 Answer

7 votes

Answer:

Review the statements below to determine the correct definition of a credit memorandum.

A. The bank notifies the depositor of each deduction to the account with a credit memorandum.

xXxAnimexXx

Happy Labor day!

User Fernando Allen
by
5.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
How do i figure out a months ending capital
Link Copied!