On a Bank Reconciliation,$75 Interest Earned on a Checking Account

question 93

Multiple Choice

On a bank reconciliation,$75 interest earned on a checking account would

• A)appear as a deduction of $75 from the balance per books.
• B)appear as an addition of $75 to the balance per bank.
• C)appear as an addition of $75 to the balance per books.
• D)not appear as an adjustment on the bank reconciliation

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Definitions:

Barter

A system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, like money.

Directly Exchanged

A situation where goods or services are exchanged without the use of money as an intermediary.

Production Possibilities Frontier

A curve depicting all possible combinations of two goods that a society can produce within a given time period, given its technological capabilities and available resources.

Fixed Assumptions

Preset conditions or principles that are assumed to remain constant over a defined period for the purpose of analysis or modeling.