Multiple Choice
The bank statement reveals an EFT payment made to one of the company's suppliers that has not yet been recorded in the ledger.How would this information be included on the bank reconciliation?
A) An addition on the book side
B) A deduction on the bank side
C) An addition on the bank side
D) A deduction on the book side
Correct Answer:
Verified
Correct Answer:
Verified
Q46: Which of the following should the purchasing
Q47: The following information is needed to reconcile
Q49: A company urgently needs to repair its
Q50: Which of the following is the first
Q52: The bookkeeper of Fire Steel Ltd
Q54: Which of the following statements describes the
Q55: Which of the following items are both
Q73: Journal entries that are necessitated by reconciling
Q136: Regarding controls over cash receipts by mail,
Q171: In a bank reconciliation,a book error will