CH3.LOT3. Which of the following method/s where banks enable payments to customers? A. Wire Transfer B. Automatic Clearing houses C. Both A & B D. Mail
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- Deposits other than customer payments are entered using: a. Receive Payments b. Pay Bills c. Bank Deposit d. All of the aboveLORO account will involve a O a. Mediator O b. New bank account O c. Correspondent Bank O d. Foreign BankIdentify where each of the following transactions would be found on the bank reconciliation. Table 8.3
- A prenumbered document that tells the bank to pay the designated party a specific amount is a A. check B. deposit ticket C. routing number D. remittance adviceSelect the banking terms from drop down to match with the correct definition. Definitions Banking Terms a. A check that has been paid by the bank on behalf of the depositor. select a banking term Automated teller machine (ATM)Electronic funds transfer (EFT)MakerDepositorDebit memorandumPayeeBank statementPayerCredit memorandumDeposit slipCheckCanceled checkSignature cardEndorsement b. A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another. select a banking term EndorsementBank statementDeposit slipDebit memorandumCheckDepositorElectronic funds transfer (EFT)PayeeSignature cardPayerCanceled checkCredit memorandumAutomated teller machine (ATM)Maker c. A document provided by the bank that requires the signature of all authorized signers of checks. select a banking term…What are the step(s) when using the Sales with Payment customer workflow? A. Create sales receipts deposited to the Undeposited Funds account > Create Bank Deposit B. Create Sales Receipt deposited to the checking account C. Create Bank Deposit D. Create Invoice > Receive Payment deposited to the Undeposited Funds account > Create Bank Deposit
- I need help with my homework please!!! Treasury management system generation of dual and multi-sided entries can combine transactions from which sources for automatic transfer of the entries to which destination? Sources: Bank transactions only; Destination: Sweep bank account Sources: Bank and internal transactions; Destination: Sweep bank account Sources: Bank transactions only; Destination: General Ledger Sources: Bank and internal transactions; Destination: General LedgerAssuming HST is not charged, what will a POS Summary result in a credit to: * Bank O A/R O A/P O Revenue7) When recording a customer credit card payment on account using QuickBooks, select:A) Create Invoice > Customer Payment > Customer & Job NameB) Create Sales Receipt > Record DepositsC) Receive Payment > Select Customer & Job Name > Select Payment Method and enter credit card informationD) Make Deposit > Select Customer & Job Name > Select Payment Method and enter credit card information Group of answer choices A B C D
- Which of the following is NOT Non-Authorized Deposit-Taking Institution? O a. Credit Unions O b. Finance Companies Oc. O d. Securitizers Money Market Corporations What is open banking? Time left 0:33 O a. Open Banking refers primarily to giving customers greater access to and control over their own banking data O b. Open Banking enables the customer to direct that they can be provided with parts of their banking data in a secure environment and in a prescribed way O c. Open Banking enables the customer to direct that they, or third parties chosen by them, be provided with pre determined parts of their banking data in a secure environment and in a prescribed way Od. A and B Oe. A and C I bought stock Y last year and make 10% of profit. This year I bought stock Y again. Even though I am making a loss but I will wait and see as my experience with this stock is positive. What kind of bias is this? O a. Anchoring bias O b. Availability bias O.C. Confirmation bias Od. Loss aversion biasQUESTION 4 Discuss the advantages of Transaction Authorisation Code (TAC) used for online banking.Instructions: Read and understand the transaction. Prepare a Bank Reconciliation Statement using the following methods: a. Adjusted Method | b. Book-to-bank Method c. Bank-to-book Method Use the space provided for each method for you answer.
