Identify whether each of the following items would be (a) added to the book balance, or...

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Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation 1. EFT transfer to a supplier Bank service charge 3. Check printing charge 4. Error recording check # 214 which was written for $450 but recorded for $540 Collection of note and interest by bank on company's behalf 5. 2. Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation 1. EFT transfer to a supplier Bank service charge 3. Check printing charge 4. Error recording check # 214 which was written for $450 but recorded for $540 Collection of note and interest by bank on company's behalf 5. 2.

Answer rating: 100% (QA)

Solution 1 EFT transfer to a supplier Deducted from the book balance in a bank reconciliation 2 Ba... View the full answer