What Documentation Issued by a Bank Increases a Company's Checking

question 76

Multiple Choice

What documentation issued by a bank increases a company's checking account balance at the bank?

• A)Credit memo
• B)Debit memo
• C)Balance sheet
• D)Certified check

---

Definitions:

Ultimate Consumers

The people who use the products and services purchased for a household. Also called consumers, buyers, or customers.

Organizational Buyers

Entities such as businesses, governments, and institutions that purchase goods and services for organizational purposes.

Not-for-Profit Organizations

Organizations that operate for purposes other than making a profit, typically focusing on social, educational, charitable, or cultural objectives.

Institutional Buyers

Organizations or entities such as schools, hospitals, and governments that purchase goods or services in large quantities, often at negotiated prices.