Identify Whether Each of the Following Items Would Be (A)

question 121

Essay

Identify whether each of the following items would be (a) added to the book balance or (b) deducted from the book balance in a bank reconciliation.
1. EFT transfer to a supplier
2. Bank service charge
3. Check printing charge
4. Error recording check # 214 which was written for $450 but recorded for $540
5. Collection of note and interest by bank on company's behalf

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Definitions:

Core Value Studies

The examination of fundamental beliefs or principles that are shared by members of a group, society, or organization.

Cultural Ideals

The values, beliefs, and practices considered desirable or exemplary within a culture.

Psychologically Healthy

Pertaining to a state of mental well-being in which an individual realizes their own abilities, can handle normal stresses of life, can work productively, and is able to contribute to their community.

Ethnocentric

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of understanding or respecting other cultures.