A Credit Memorandum on a Bank Statement Indicates

question 209

Multiple Choice

A credit memorandum on a bank statement indicates:

• A)An increase in the bank's asset account.
• B)A decrease in the bank's asset account.
• C)A decrease in the bank's liability account.
• D)An increase in the bank's liability account.
• E)An increase in the bank's expense account.

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Definitions:

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