Interest Paid on a Company's Checking Account Should Appear on the Bank

question 1

Multiple Choice

Interest paid on a company's checking 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:

Olfactory Nerves

The set of nerves responsible for the sense of smell, conveying sensory information from the nose to the brain.

Trochlear Nerves

Cranial nerves responsible for the movement of the eyes, specifically controlling the superior oblique muscle for rotational movement.

Facial Nerves

The seventh cranial nerves that control the muscles of facial expression, convey taste sensations from the anterior two-thirds of the tongue, and supply glands in the head or neck.

Cerebrum

The largest part of the brain, responsible for higher brain functions such as thought, action, and emotion.