In a Bank Reconciliation, an EFT Cash Receipt Is

question 121

Multiple Choice

In a bank reconciliation, an EFT cash receipt is:

• A)added to the bank balance.
• B)added to the book balance.
• C)deducted from the book balance.
• D)deducted from the bank balance.

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Definitions:

Economic Efficiency

A condition in which a market or an economy utilizes resources in a way that maximizes the production of goods and services.

Supply-Elasticity Differences

Variations in how sensitive the quantity supplied of a good is to changes in its price across different markets or goods.

Productivity Differences

Variations in the efficiency of production processes or workers, impacting the output generated from a set amount of inputs.

Private Ownership

The legal right of individuals or corporations to own property and assets, distinguishing from public or state ownership.