Bank interest earned on a checking account would be shown on a bank reconciliation as:
A) added to the balance per bank statement.
B) deducted from the balance per bank statement.
C) added to the balance per books.
D) deducted from the balance per books.

Question

Quizplus · Accepted Answer

Bank interest earned on a checking account is added to the balance per books because it increases the account balance that the company records in its books.

Bank Interest Earned on a Checking Account Would Be Shown