Which of the Following Events Would Cause a Bank to Debit

question 112

Multiple Choice

Which of the following events would cause a bank to debit a depositor's account?

• A)The depositor orders new checks through the bank at a cost of $50.
• B)The bank collects a note receivable and related interest on the depositor's behalf.
• C)There are outstanding checks drawn on the account at month-end.
• D)There are deposits in transit on the account at month-end.
• E)The bank corrects an error from previous month by adding $75 to the depositor account.

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Definitions:

Competitive Advantage

An advantage a company has over its competitors, enabling it to generate greater sales, margins, and retain more customers.

Inventory Surpluses

Excess stock that exceeds the demand, often resulting in storage challenges and potential financial losses.

Operating Efficiencies

The effectiveness and productivity with which an organization utilizes its resources in the process of producing goods or services.

Supply Chain Management

The coordination and management of activities involved in making and delivering products from raw materials to final customers.