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What is it called when any amount of money is debited (subtracted) from the checking account?
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What is it called when any amount of money is debited (subtracted) from the checking account?
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Jul 16, 2019
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What is it called when any amount of money is debited (subtracted) from the checking account?
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Nikita Smirnov
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That is called withdrawal, glad to help!
Saqy G
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Jul 21, 2019
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Saqy G
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Payments made by EFT and that are recorded in the Cash payments Journal and not yet presented to the bank for payment will be recorded in the: a. Subtracted (Debited) in the bank reconciliation statement
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