Bank interest earned on a chequing 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 chequing account is added to the balance per books because it represents income that increases the account balance in the company's records.

Bank Interest Earned on a Chequing Account Would Be Shown