The Bank Statement Reveals an EFT Received from a Customer

question 69

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) An addition on the bank side
• B) A deduction on the bank side
• C) A deduction on the book side
• D) An addition on the book side

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Definitions:

Hunger

The physical sensation of needing food, also used metaphorically to describe a strong desire or need for something.

Perception

refers to the process by which individuals select, organize, and interpret sensory information to form a meaningful picture of the world.

Showstoppers

events, problems, or features that significantly impress or entirely halt progress in a project or performance.

Product Development

The process of bringing a new product from concept to market introduction, including research, design, testing, and launch stages.