Which of the following results in crediting the checkbook balance?
A)NSF
B)Service charge
C)Interest earned
D)Overdraft protection charge
E)None of these

Question

Quizplus · Accepted Answer

Interest earned will increase the balance of the checkbook, therefore resulting in a credit. The other options (NSF, service charge, and overdraft protection charge) all result in a decrease in the balance, therefore resulting in a debit.

Which of the Following Results in Crediting the Checkbook Balance