Ask Question
BusinessBusiness
9 August, 13:54

The bank statement reveals an EFT received from a customer that has not yet been recorded in the journal. How would this information be included on the bank reconciliation?

+2
Answers (1)
  1. 9 August, 14:06
    0
    An addition on the book side would this information be included on the bank reconciliation.

    Explanation:

    A bank reconciliation is the method of comparing a cash account with the same details on a bank report on the assets of an individual. The aim of this step is to assess the gaps between the two and to make some adjustments to the accounts. The financial statement details is the bank's database of all transactions in the last month involving the company's bank account.

    The key method for a bank reconciliation is to continue at the conclusion of the bank's cash balance, to offset any transfer transfers from the business to the bank, to delete any checks not approved from the bank and to add or subtract all other things.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The bank statement reveals an EFT received from a customer that has not yet been recorded in the journal. How would this information be ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Bark Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $6,000 each year.
Answers (1)
Traders in the seventeenth and eighteenth century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade.
Answers (1)
Where did sherman march to sea begin and end?
Answers (1)
On January 1 of the current year, Barton Co. paid $900,000 to purchase two-year, 8%, $1,000,000 face value bonds that were issued by another publicly-traded corporation. Barton plans to sell the bonds in the first quarter of the following year.
Answers (1)
Can someone tell me why the financial market isn't dependent on how the economy is doing?
Answers (1)
New Questions in Business
When the consumer price index rises, the typical family a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d.
Answers (1)
A magazine subscription costs $45 per year at the beginning of each year, or $115 now for a three-year subscription. If the subscriber elects to pay the $115 now, the rate of return on the investment will be nearest to:
Answers (2)
The second step in rational decision making is to: choose the solution that maximizes value. identify the criteria that are important in making the decision. evaluate the alternatives. implement the alternative.
Answers (1)
What impact will a spike in wages cause to the labor demand curve?
Answers (1)
A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%.
Answers (1)
Home » Business » The bank statement reveals an EFT received from a customer that has not yet been recorded in the journal. How would this information be included on the bank reconciliation?
Sign Up Forgot Password?