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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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Find the present worth in year 0 of $60,000 in year 3 and amounts increasing by 15% per year through year 10 at an interest rate
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Answer:

Present worth is 398,577

Explanation:

First we need to grow the payment by 15% each year after year 4. Then we need to discount the amounts using the interest rate of 11% each year.

All the workings are done in the pdf file attached with this answer, please find it.

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5 0
3 years ago
Michael has written an e-mail to his employees that describes a new product special that will be introduced to the
svet-max [94.6K]

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effective communication

Explanation:

Since Michael is communicating a very important message, it is essential for it to be effectively communicated. This is a crucial step related to making sure your message is structured, organized and easy to comprehend. Especially, it is important in messages like this one - introduction of new concepts/products, instructions to employees...

Effective communication is needed to avoid any potential misconceptions and  consequences related to a badly interpreted message.

3 0
3 years ago
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Sarah's company encourages her to tolerate ambiguity and reward her employees for taking risk. In​ addition, she often has descr
Alik [6]

Answer:

Innovative company culture

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7 0
3 years ago
Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can.
yarga [219]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During April, 304,000 cans were produced using 1,243,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.07 per ounce.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= ( 0.07 - 0.17)*1,243,000= $124,300 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1,337,600 - 1,243,000)*0.07= $6,622 favorable

4 0
3 years ago
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