Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was:

A. deducted from the balance according to company
B. deducted from the balance according to bank
C. added to the balance according to bank
D. added to the balance according to company

In a given account balance, it is essential to consider the cash flow out and cash flow in during business operation. The amount of money the company made in recorded as the credit or revenue of the company while the amount of money that the company spends is recorded as the debit or expense of the company.

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Tundexi Tundexi · Answer 2 · 2021-12-21T12:15:55+01:00

Since the adjusting entry was made that debited cash and credited Interest Revenue, then, the bank reconciliation must have included an item that was added to the balance according to company

The bank reconciliation is when a bank account balance in the firm's account is reconciled to the balance reported by the financial institution.

Since the adjusting entry was made that debited cash and credited Interest Revenue, then, the bank reconciliation must have included an item that was added to the balance according to company

Hence, the Option D is correct.

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