Which of the following describes an activity that reduces a company's bank account balance?

Question

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A debit memo is a charge that reduces a company's bank account balance. A deposit in transit is a deposit that has been made but has not yet been recorded by the bank. A credit memo is a deposit or addition to a company's bank account balance. A reconciling entry is used to correct discrepancies in a company's bank reconciliation.

Which of the Following Describes an Activity That Reduces a Company's