Respuesta :
Accompanying the bank statement was a debit memo for bank service charges. on the bank reconciliation, the item is a deduction from the balance per the company's records.
A bank deduction from the company's bank account is indicated by a debit memo on the bank statement. In other words, a bank debit memo works similarly to a check drawn on a bank account in that it lowers the balance of the account.
The costs a bank charges a business for using its bank account are known as bank service charges. Although it hasn't yet been recorded in the company's records, the bank has reported this as a deduction from the bank statement. It makes sense that the bank would use the phrase debit memo since its general ledger lists the company's bank account as a liability.
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