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:

Unconscious Mind

A part of the mind that contains thoughts, memories, and desires not within the individual's conscious awareness but influencing behavior and emotions.

Structuralism

An early school of psychology that used introspection to explore the elemental structure of the human mind.

Functionalism

A theory in psychology that emphasizes the purpose and adaptive functions of human behavior and mental processes.

Phrenology

A now-discredited theory that suggested the shape and size of the cranium could determine character and mental abilities.