General
Bank Reconciliation: Interest Earned
Adjusting the general ledger for interest income reported on a bank statement.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 15.50 | - |
| Interest Income | Revenue (+) | - | 15.50 |
💡 Accountant's Note
This is a standard 'Book Side' adjustment during a bank reconciliation to ensure the GL matches the actual bank balance.
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.