Question

Lynette received her bank statement for the month and she is now comparing it with the transactions that she logged in her checkbook register. After calculating the transactions in the statement and the checkbook register, she realized that the statement showed more balance than her checkbook register. What could be the reason behind this discrepancy?
A. banking fee

B. penalty for exceeding transaction limit

C. bank interest payment

D. ATM withdrawal not logged in the checkbook register

Answer 1

Answer:

C. Bank interest payment

Explanation:

Lynette will not compute the interests earned on his amount in his checkbook.

A banking fee will reduce the amount in the statement to the checkbook

A penalty exceeding transaction limit will also reduce the amount in the statement to the checkbook

ATM withdrawal not logged in the checkbook could also increase the check book figure and reduce the bank statement instead.

Thus the answer is C. Bank interest payment.