Interest Paid by the Bank to a Company's Account Should

question 39

Multiple Choice

Interest paid by the bank to a company's account should appear on the bank reconciliation as:

• A)added to the bank balance.
• B)added to the book balance.
• C)deducted from the book balance.
• D)having no impact on the book balance.

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Definitions:

Major Organic Product

The chief compound that results in the largest amount during an organic chemistry process.

Reaction

A procedure where different materials engage and produce one or more distinct substances, each exhibiting unique chemical and physical characteristics.

Major Organic Product

The primary product of a chemical reaction involving organic compounds, typically the one formed in the greatest yield.

Reaction

The process by which chemical substances interact to form new substances with different properties.