The Bank Made an EFT Payment of a Telephone Bill

question 226

Multiple Choice

The bank made an EFT payment of a telephone bill of $5,000.How would this information be included on the bank reconciliation?

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

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Definitions:

Entry-Level Positions

Jobs that are designed for new entrants to the workforce, requiring minimal prior experience and typically providing training.

Professionals

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Employment systems within a company or organization where workers are hired and promoted based on criteria established internally rather than competing in an external job market.