question archive Which one of the following would not cause a bank to debit a company's account? Bank service charge Collection of a note receivable Checks marked NSF Wiring of funds to other locations
Which one of the following would not cause a bank to debit a company's account? Bank service charge Collection of a note receivable Checks marked NSF Wiring of funds to other locations
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Which one of the following would not cause a bank to debit a company's account?
-
- Bank service charge
- Collection of a note receivable
- Checks marked NSF
- Wiring of funds to other locations
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Answer:
B .
Step-by-Step explanation
Note receivables are stated as the person from which the company gets cash after the period of more than one year. Collection of note receivables by bank account will not cause a debit entry in the account of company but require a credit entry.
Therefore, the correct option is B
