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.

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Definitions:

Equivalent Values

Items or amounts that are equal in value, function, or meaning.

Scheduled

Planned or arranged for a specific time or sequence of events.

Two-Month Intervals

Time periods that occur or are calculated every two months.

Floating Rate

An interest rate that changes over time with the market or along with another interest rate index.