QuestionJuly 16, 2025

When a bank deducts any amount other than a paid check from a depositor's account, it issues a form called a(n):

When a bank deducts any amount other than a paid check from a depositor's account, it issues a form called a(n):
When a bank deducts any amount other than a paid check from a depositor's account, it issues a form called a(n):

Solution
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Answer

Debit Memo Explanation 1. Identify the form used by banks Banks issue a "debit memo" when deducting amounts other than paid checks from a depositor's account.

Explanation

1. Identify the form used by banks<br /> Banks issue a "debit memo" when deducting amounts other than paid checks from a depositor's account.
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