How would interest earned on a checking account be dealt with in a bank reconciliation?
A) added to company's book balance
B) deducted from company's book balance
C) added to bank statement balance
D) deducted from bank statement balance

Question

Quizplus · Accepted Answer

Interest earned on a checking account increases the company's book balance because it is income that has not yet been recorded in the company's books.

How Would Interest Earned on a Checking Account Be Dealt