Match the following cost flow assumption to their inventory costing method:
Definitions:
Depositor
refers to an individual or entity that places money into a bank account with the expectation of withdrawing it later or using the banking services.
Payor Bank
The bank upon which a check is drawn and that is responsible for paying the amount specified on the check to the payee.
Collected
Refers to the process of gathering or accumulating items, information, or funds.
Electronic Funds Transfers
The transfer of money between accounts by electronic means rather than the use of cash or paper documents.
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