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What Is a Remittance Advice

Question 36

Multiple Choice

What is a remittance advice?


A) A document prepared by the bank showing the details of electronic funds transfers received by the bank from customers
B) A receipt from the bank showing the total amount deposited to the client's account at the bank
C) A document received from the customer showing the details of payments made by the customer
D) A daily report showing cash recorded in the cash receipts journal identifying customers making payments on account and the amounts received

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