Question
The bank statement reveals an EFT received from a customer that has not yet been recorded in the ledger. How would this information be included
The bank statement reveals an EFT received from a customer that has not yet been recorded in the ledger. How would this information be included on the bank reconciliation?
an addition on the bank side
a deduction on the bank side
a deduction on the book side
Correct Answer
an addition on the book side
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy M. Tietz
2nd Custom Edition
1269396803, 978-1269396806
