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For each of the items in the following list, identify where it is included on a bank reconciliation: 1. EFT payment made by a customer

For each of the items in the following list, identify where it is included on a bank reconciliation:

1.

EFT payment made by a customer

select an effect on bank reconciliation item Decrease to bank balanceNot included in the bank reconciliationIncrease to bank balanceDecrease to company cash balanceIncrease to company cash balance
2.

Bank debit memorandum for service charges

select an effect on bank reconciliation item Decrease to bank balanceNot included in the bank reconciliationDecrease to company cash balanceIncrease to company cash balanceIncrease to bank balance
3.

Outstanding cheques from the current month

select an effect on bank reconciliation item Increase to company cash balanceDecrease to company cash balanceIncrease to bank balanceNot included in the bank reconciliationDecrease to bank balance
4.

Bank error in recording a $1,779 deposit as $1,977

select an effect on bank reconciliation item Increase to bank balanceIncrease to company cash balanceNot included in the bank reconciliationDecrease to bank balanceDecrease to company cash balance
5.

Outstanding cheques from the previous month that are still outstanding

select an effect on bank reconciliation item Not included in the bank reconciliationIncrease to company cash balanceIncrease to bank balanceDecrease to bank balanceDecrease to company cash balance
6.

Outstanding cheques from the previous month that are no longer outstanding

select an effect on bank reconciliation item Increase to company cash balanceDecrease to company cash balanceNot included in the bank reconciliationIncrease to bank balanceDecrease to bank balance
7.

Bank error in recording a company cheque made out for $160 as $610

select an effect on bank reconciliation item Increase to company cash balanceDecrease to bank balanceNot included in the bank reconciliationDecrease to company cash balanceIncrease to bank balance
8.

Bank credit memorandum for interest revenue

select an effect on bank reconciliation item Decrease to bank balanceDecrease to company cash balanceIncrease to bank balanceIncrease to company cash balanceNot included in the bank reconciliation
9.

Company error in recording a deposit of $160 as $1,600

select an effect on bank reconciliation item Decrease to company cash balanceNot included in the bank reconciliationIncrease to company cash balanceDecrease to bank balanceIncrease to bank balance
10.

Bank debit memorandum for a customers NSF cheque

select an effect on bank reconciliation item Increase to company cash balanceNot included in the bank reconciliationIncrease to bank balanceDecrease to company cash balanceDecrease to bank balance
11.

Deposit in transit from the current month

select an effect on bank reconciliation item Increase to bank balanceDecrease to bank balanceNot included in the bank reconciliationDecrease to company cash balanceIncrease to company cash balance
12.

Company error in recording a cheque made out for $630 was recorded as $360

select an effect on bank reconciliation item Decrease to company cash balanceNot included in the bank reconciliationIncrease to company cash balanceDecrease to bank balanceIncrease to bank balance

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