For which of the following might a bank issue a debit memorandum to a depositor’s account? – Q/A (Question and Answer)

Question
For which of the following might a bank issue a debit memorandum to a depositor’s account? – Q/A (Question and Answer)

Test Answer

A. Interest earned B. Collection of a note receivable C. Deposits in transit D. Monthly service charges

Answer:

D. Monthly service charges

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