A Deposit Made by a Company Will Appear on the Bank

question 209

Multiple Choice

A deposit made by a company will appear on the bank statement as a

• A) debit.
• B) credit.
• C) debit memorandum.
• D) credit memorandum.

---

Definitions:

Age 50

A milestone age that can qualify individuals for certain benefits, such as eligibility for catch-up contributions to retirement plans in the United States.

Coverdell Education

A savings account designed to help families pay for education expenses, including k-12 and college costs, with tax-free earnings.

Qualified Education Expenses

are costs related to education, like tuition and fees, required for enrollment or attendance at an eligible educational institution.

Tax-Free

Tax-free refers to certain financial products or transactions that are not subject to tax by the government, such as certain municipal bonds or qualified withdrawals from a Roth IRA.