In a bank reconciliation,an EFT received from a customer is:
A)added to the book balance.
B)deducted from the book balance.
C)added to the bank balance.
D)deducted from the bank balance.

Question

Quizplus · Accepted Answer

The book balance is adjusted since the company may not yet know about this item.Think about what the bank did when it processed the item.An EFT from a customer will be added to the book balance.

In a Bank Reconciliation,an EFT Received from a Customer Is