Question
If the account is interest bearing, how would you account for the interest when you reconcile your account?
Subtract the interest from your running balance.
Add the interest to your running balance.
Forget about it since it is probably a small amount.
Keep a separate entry for interest.
Subtract the interest from your running balance.
Add the interest to your running balance.
Forget about it since it is probably a small amount.
Keep a separate entry for interest.
Answers
Answered by
GPT 3.5
Add the interest to your running balance.