2021

Which of the following statements is not true regarding cash received from a customer by electronic funds transfer? The cash collection is sent to the company's cashier's department before it is deposited in the bank The cash collection is made faster than it it were received through the mail The customer's cash collection is not handled by the company's employees The cash collection is safer and more secure Which of the following is not an example of a credit memo on a bank statement? Interest earned on a checking account. All of these are examples of credit memos O Bank service charge Collection of a customer's receivable by the bank