Which of the following is correct in case of interest collected by bank? Options: A . &nbspAdded to balance in cash book B . &nbspSubtracted from balance in cash book C . &nbspAdded to bank balance D . &nbspNone of these

Which of the following is correct in case of interest collected by bank?

Question

Which of the following is correct in case of interest collected by bank?

Options:

A . Added to balance in cash book

B . Subtracted from balance in cash book

C . Added to bank balance

D . None of these

Answer: Option A
:
A
Interest collected by bank is added to the balance in the cash book.

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