How Would Interest Earned on a Checking Account Be Dealt

question 146

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:

Parallelism

The use of components in a sentence that are grammatically the same or similar in construction, sound, meaning, or meter.

Consistency

The quality of always behaving or performing in a similar way, or of always happening in the same way.

Consistency

The quality of achieving a level of performance or the adherence to a pattern or standard without significant variation.

Concise Language

The use of few words to convey an idea effectively without unnecessary detail or filler.