Interest earned on a bank account is an example of a cash transaction recorded by the company and then later by the bank after notification.

Name: Interest earned on a bank account is an example of a cash transaction recorded by the company and then later by the bank after notification.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Interest earned on a bank account is recorded by the bank first, and then the company records it after receiving the bank statement or notification.

Interest Earned on a Bank Account Is an Example of a Cash