The Bank Statement Reveals an EFT Payment Made to One

question 11

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 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:

Moral Development

The process by which individuals develop their understanding of morality and ethical behavior.

Character Formation

The process of developing and defining one's personal beliefs, values, and behaviors.

Associations

The company one keeps, as in family, friends, and other role models who help shape one’s life; important determinants of individual character.

Self-Concept

An individual's understanding of who they are based on their beliefs, characteristics, and values.