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What does chargeback item mean on bank statement?

In: Business Plans, Financial Statements [Edit categories]

Answer:

Could mean a few things. Could mean you have sold something that the buyer never received and you were charged back for the money they payed you. It could also mean you cashed a check at your bank that was refused by the bank on which it was written and so your bank has charged you back with the money you received.

First answer by ID1191710991. Last edit by ID1191710991. Question popularity: 139 [recommend question].

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