Items on Company\'s Bank Statement The following items may appear on a bank stat

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Items on Company's Bank Statement
The following items may appear on a bank statement:
1. Bank correction of an error from posting another customer's check (disbursement) to the company's account
2. EFT deposit
3. Loan proceeds
4. NSF check
Indicate whether each item would appear as a debit or credit memo on the bank statement and whether the item would increase or decrease the balance of the company's account:

ItemAppears on the Bank Statement
as a Debit or Credit MemoIncreases or Decreases the
Balance of the Company's Bank Account1. Bank correction of an error from posting another customer's check (disbursement) to the company's account 2. EFT deposit 3. Loan proceeds 4. NSF check

Explanation / Answer

Item Appears on the Bank Statement as a Debit or Credit Memo Increases or Decreases the Balance of the Company's Bank Account 1 Bank correction of an error from posting another customer's check (disbursement) to the company's account Credit Increases 2 EFT deposit Credit Increases 3 Loan proceeds Credit Increases 4 NSF check Debit Decreases

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Items on Company\'s Bank Statement The following items may appear on a bank stat

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