Multiple Choice
The bank statement reveals an EFT received from a customer that has not yet been recorded in the ledger. How would this information be included on the bank reconciliation?
A) A deduction on the book side
B) An addition on the bank side
C) An addition on the book side
D) A deduction on the bank side
Correct Answer:
Verified
Correct Answer:
Verified
Q58: An outstanding cheque is a cheque issued
Q61: If the bank reconciliation includes interest revenue,a
Q67: Which of the following describes the internal
Q68: Which of the following items found on
Q70: Which of the following would be included
Q72: Internal and external auditors are part of
Q73: Which of the following is the last
Q80: Before signing a cheque,the controller or the
Q99: Around the end of the year,an accountant
Q161: A point-of-sale terminal (cash register)provides control over