A credit memorandum from the bank :
A) decreases a bank customer's account.
B) is used to show a bank service charge.
C) shows that a company has deposited a customer's NSF check.
D) shows the bank has collected a note receivable for the customer.

Question

Quizplus · Accepted Answer

A credit memorandum from the bank indicates that the bank has performed an action that increases a customer's account balance, such as collecting a note receivable on behalf of the customer.

A Credit Memorandum from the Bank