In a Bank Reconciliation,an EFT Cash Payment Is

question 84

Multiple Choice

In a bank reconciliation,an EFT cash payment 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:

Local Authorities

Regional or municipal governments responsible for providing local services, managing regulations, and supporting community welfare.

Personal Property

Movable assets or belongings that are owned by an individual or business, as opposed to real estate.

Tangibility

Tangibility refers to the quality of being perceptible by touch or being material, as opposed to intangible assets like patents or copyrights.

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The assets, rights, and obligations passed down to heirs or legal successors after someone dies.