A Debit Memo Appeared on the May Bank Statement

question 74

Multiple Choice

A debit memo appeared on the May bank statement. How should this amount be treated on the May bank reconciliation?

• A)Add it to the company's balance.
• B)Add it to the bank balance.
• C)Deduct it from the company's balance.
• D)Deduct it from the bank balance.

---

Definitions:

Registration

The act of recording information or property officially with a recognized authority to establish legal rights or compliance.

Term of Copyright

Period during which copyright protection is granted to an original work, typically lasting for the life of the author plus a certain number of years after their death.

Anton Piller Order

A court order to seize offending material before trial; name derives from a prominent English case where the order was first used.

Infringement

The act of violating a law or a right, particularly referring to unauthorized use of intellectual property.