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    How does an EFT Payment for a Bill Work?

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    An electronic fund transfer (EFT) for payment of a bill would be:

    a) subtracted from the bank balance of a bank reconciliation.
    b) added to the book balance of a bank reconciliation.
    c) added to the bank balance of a bank reconciliation.
    d) subtracted from the book balance of a bank reconciliation.

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    https://brainmass.com/business/bank-reconciliation/eft-payment-bill-work-561791

    Solution Preview

    Answer: subtracted from the bank balance of a bank reconciliation.

    If we pay a utility bill through an EFT, the money needs to be ...

    Solution Summary

    This solution provides the correct answer with explanation to the EFT question provided.

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