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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Answer: subtracted from the bank balance of a bank reconciliation.
If we pay a utility bill through an EFT, the money needs to be ...
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