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True or False: 31) Banks have no way of knowing a deposit is coming until they receive it. 32) Interac Flash (or tap) debit cards
True or False: 31) Banks have no way of knowing a deposit is coming until they receive it. 32) Interac Flash (or "tap") debit cards slow down purchases and lead to increased incidences of skimming and fraud. 33) All entries made on the bank side of a bank reconciliation will require a journal entry. 34) Petty Cash is an asset shown on the balance sheet. 35) An employee assigned the responsibility for overseeing the petty cash fund is called the custodian. 36) If there is an overage in the petty cash fund it would be considered other income. 37) NSF is an abbreviation for Not Satisfactory Funding. 38) S.W.L.F.T. codes in modern banking make moving funds internationally a quick and accurate process. 39) A Cash Short and Over account is a temporary account closed at the end of the accounting cycle
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