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

Identify different types of patterns (trend, cycle, level shift, instability) in control charts and their implications.

Calculate and interpret the average run length (ARL) in the context of control charts.

Describe the concepts of assignable variation and chance variation and give relevant examples.

Understand the repercussions of Type I and Type II errors in the context of quality control and production processes.

---

Definitions:

Comparative Balance Sheet

Financial statement showing a company's assets, liabilities, and equity at two or more points in time, allowing for comparative analysis.

Accumulated Depreciation

The total depreciation amount that has been charged against a fixed asset since it was put into use.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, as a share of the profits.