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

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A debit memo is a documentation issued by a bank to decrease the balance in a company's checking account. This can occur when the bank deducts fees, interest, or other charges from the account. A credit memo, on the other hand, increases the balance in the account, while credit entries refer to deposits or other amounts added to the account. NSF (non-sufficient funds) checks are checks that are returned by the bank due to insufficient funds in the account, which also decrease the account balance.

What Documentation Issued by a Bank Decreases the Balance in a Company's