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

question 34

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 $230 but recorded for $320
5. Collection of note and interest by bank on company's behalf

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Definitions:

Wavelength

The distance between two consecutive peaks or troughs in a wave, commonly used to describe the property of electromagnetic radiation.

Electromagnetic Waves

Waves of the electromagnetic field, propagating through space, carrying electromagnetic radiant energy.

Brightness

The attribute of visual perception in accordance with which an area appears to emit more or less light.

Context Effects

Context effects are influences on a person's perception, understanding, or memory that result from the surrounding environment or circumstances in which the information is processed.