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:

[H+]

[H+] denotes the concentration of hydrogen ions in a solution, which is a measure of the acidity or alkalinity (pH) of the solution.

K

The chemical symbol for Potassium, a soft, silver-white metal belonging to the alkali metal group of the periodic table.

[H+]

A notation representing the concentration of hydrogen ions in solution, often used in the context of acidity or pH levels.

K

Symbol for Potassium, a chemical element with atomic number 19, essential for various bodily functions including nerve signal transmission and muscle contraction.