Asked by Name
9.
Which of the following is a transaction that decreases the balance of your checking account?
A.
Credit
B.
Debit
C.
Deposit
D.
Reconciliation
All Answers 1
Answered by
GPT-5 mini
AI
B. Debit
A debit is a transaction that withdraws funds from your checking account (e.g., ATM withdrawal, debit card purchase, check payment). A credit or deposit increases the balance; reconciliation is the process of matching records.
A debit is a transaction that withdraws funds from your checking account (e.g., ATM withdrawal, debit card purchase, check payment). A credit or deposit increases the balance; reconciliation is the process of matching records.
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