How Would Interest Earned on a Checking Account Be Dealt

question 221

Multiple Choice

How would interest earned on a checking account be dealt with in a bank reconciliation?

• A) Added to company's book balance
• B) Deducted from company's book balance
• C) Added to bank statement balance
• D) Deducted from bank statement balance

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Definitions:

Full-Time Equivalent Employees

A calculation used by organizations to represent the number of full-time workers by considering the hours worked by part-time employees.

FTEs

Full-time equivalents, a unit that indicates the workload of an employed person in a way that makes workloads comparable across various contexts.

Employee Views

The perceptions, thoughts, and feelings of employees regarding their work environment, organizational policies, culture, and management, significantly impacting their engagement and productivity.

HR Department

The division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as managing employee-benefit programs.