Of the choices provided above, service fee is one such amount that would appear in the debits column of a bank statement for a checking account. Therefore, the option B holds true.
What is the significance of a checking account?
Checking account can be referred to or considered as an account that relates to deposit and withdraw of money for the purpose of carrying out daily transactions. Its features are similar as well as contrasting to that of a savings bank account.
The transactions such as direct deposit; interests; and check deposits are credit transactions and a service fee is a transaction in which money is debited. Thus, a service fee would most likely appear in the debits column of a bank statement for a checking account.
Therefore, the option B holds true and states regarding the significance of a checking account.
Learn more about a checking account here:
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