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A credit memo from a bank increases the balance of the checking account and increases the bank's liability.
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Question

A credit memo from a bank increases the balance of the checking account and increases the bank's liability.

A business's checking account is a bank's liability - a debit memo from a bank decreases the checking account and decreases the bank's liability. Please think of an example of each.

Step-by-step answer

a. Fusce dui lectu


ctum vitae odio.

acinia pulvi
  1. m ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam
  2. consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ant

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Subject: Accounting, Business

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