Cost of ordered checks automatically debited by the bank Customer's NSF check returned by the bank Deposit of P717,718 erroneously encoded by the bank teller as P717,178 eck encashment for another client, erroneously debited by the bank against our account Outstanding checks Interest income Customer's post-dated check erroneously deposited and returned by the bank Bank service fees Customer's payment directly credited to depository bank Deposit in transit

Items on company bank statement: 1. Bank correction of an error from posting another customers check(disbursement) to the company account 2. EFT deposit 3. Loan proceeds 4. NSF. Using the following format indicate whether each item would appear as a debit or credit memo on the bank statement and whether the item would increase or decrease the balance of the company account.

You are trying to explain debit and credit memos that appear on bank statements and whether these will increase or decrease your company's bank account balance. Complete the following table to help your new staff understand. Debit or Credit Increases or Decreases the Company's Item Memo Bank Account Balance EFT payment Bank correction of an error due to posting another customer's check to your account Service charge Note and interest collected for our company NSF check Bank correction of an error recording a $250 deposit as $520 EFT deposit

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