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Sedaia [141]
1 year ago
6

The bank statement reveals an eft payment made to one of the company's suppliers that has not yet been recorded in the journal.

How would this information be included on the bank reconciliation?
Business
1 answer:
dusya [7]1 year ago
7 0

The bank statement reveals an eft payment made to one of the company's suppliers that have not yet been recorded in the journal. This information is included on the bank reconciliation as a deduction on the book side.

An EFT payment is a digital transfer of cash from one bank account to any other, which means there is no need for direct intervention through the financial institution body of workers. EFT payments can be accomplished among any two bills, whether or not they're primarily based on equal monetary organization or now not.

Your EFT payment may take everywhere from one to 4 days. some digital budget transfers are despatched and received on an identical day (e.g., twine transfers). EFT bills are generally the best manner on enterprise days. And, there are probably certain cut-off times.

The primary distinction between EFT and ACH bills is that EFT is an umbrella term for all virtual payments, while ACH is only a particular kind of virtual fee. but they're each digital payments, and in reality, ACH is a form of EFT price.

Learn  more about eft payment here brainly.com/question/3358730

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In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earni
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price ceilings

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In contrast to goods and services markets, <u>price ceilings</u>  are rare in labor markets, because rules that prevent people from earning income are not politically popular.

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3 years ago
Statement 1: The onset of 5% inflation means that your receipt of a $100 interest payment allows you to purchase only $95 worth
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Answer:

A. 1 and 4 are true

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Statement 1: When inflation goes up the market prices of goods increase and reduces buying power of customer. So, if you get $100 even after 5% inflation, you would get $95 worth good.

Statement 2: It is commonly known as, the higher the risk the higher the gain. So, risk premium and risk exhibited by security is directly related with each other.

Statement 3: Since, risk free rate is the compensation for time value of money, that is why it can’t make real risk-free rate negative because real risk rate is there, but inflation can go higher than risk free rate.

Statement 4: Maturity payment is paid to investors or savers after certain period of time along with principal amount.

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6 0
3 years ago
John F. kennedy believed that a leader should be ___
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Vision, decision-making style, and delegation.
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3 years ago
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Joanna Mills has recently been promoted to the position of a project manager at Palmer, Inc., a software development firm. As a
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B) The sole criterion for Joanna's promotion was her effectiveness in meeting individual targets.

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Joanna wants to guide her sbordinates in executing various projects but they are not proactively coming to her for advise. This indicates that before her promotion she was very good at doing work individually and most likely did not work collectively to achieve results.

Based on this background tlshe was promoted on the basis of her individual efforts and her staff are not comfortable coming to her for guidance, since this was not her style before promotion.

Her approachable nature in building a team would not have been a criteria, if not it would have resulted in greater request for guidance from subordinates.

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3 years ago
On July 4, 2018, Wyoming Mining Company purchased the mineral rights to a granite deposit for $1,600,000. It is estimated that t
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Therefore, if the Depletion expense per ton is 4, and during 2018 60,000 tons of granits were sold then the Depletion expense to be recognized for 2018  will be=60,000*4

          = $240,000. Amount of the Depletion Expense recognized for 2018

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