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:

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body.

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A variety of illnesses affecting the lungs, leading to decreased ability to breathe and other associated health problems.

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The financial market specifically related to the lending and borrowing of funds for the purpose of purchasing real estate through mortgage loans.

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The expenses associated with renting or owning a home, including rent, mortgage payments, taxes, and maintenance.