A Credit Memo Appears on the September Bank Statement

question 19

Multiple Choice

A credit memo appears on the September bank statement.How should this amount be treated on the September bank reconciliation?

• A) It should be added to the company's balance.
• B) It should be added to the bank balance.
• C) It should be deducted from the company's balance.
• D) It should be deducted from the bank balance.

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Definitions:

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to Acquired Immune Deficiency Syndrome (AIDS) if not treated.

Sexual Response Cycle

The sequence of physical and emotional changes that occur as a person becomes sexually aroused and participates in sexually stimulating activities, including intercourse and masturbation.