Question: 1. Describe EFT and explain the various ways funds are transferred. 2. Name the various check endorsements and explain how each is used. 3 .

1. Describe EFT and explain the various ways funds are transferred.

2. Name the various check endorsements and explain how each is used.

3. List the steps for reconciling a bank statement.

4. List the steps for completing a petty cash record.

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