Question: The bank statement reveals an EFT received from a customer that has not yet been recorded in the ledger. How would this information be included

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

an addition on the bank side

a deduction on the bank side

a deduction on the book side

Correct Answer

an addition on the book side

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