On a bank reconciliation,electronic fund transfers are:
A)additions or deductions to the bank balance.
B)additions or deductions to the book balance.
C)not put on the bank reconciliation.
D)only used for journal entries.

Question

Quizplus · Accepted Answer

Electronic fund transfers (EFTs) are adjustments to the book balance because they represent transactions that have been recorded by the bank but not yet by the company in its books.

On a Bank Reconciliation,electronic Fund Transfers Are