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    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 6: Cash and Internal Control
  5. Question
    When a Bank Pays Interest or Collects an Amount Owed
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When a Bank Pays Interest or Collects an Amount Owed

Question 70

Question 70

True/False

When a bank pays interest or collects an amount owed to a company by one of the bank's customers,the bank issues a debit memorandum.

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