Financial AccountingCash Management and Bank Reconciliation-Quiz

1. A debit balance in the Bank Statement indicates

2. Cash book is a part of _________ .

3. Which of the following is / are the particular/s of a cash book? (1) Date of transaction (2) Account title (3) Amount

4. Which of the following are recorded in Cash Book?

5. Bank Reconciliation Statement is

6. ___________ is the detail of transaction in one’s account provided by the bank.

7. Your cash book at 31 December 20X3 shows a bank balance of $565 overdrawn. On comparing this with your bank statement at the same date, you discover the following.

1      A cheque for $57 drawn by you on 29 December 20X3 has not yet been presented for payment.
2     A cheque for $92 from a customer, which was paid into the bank on 24 December 20X3, has been dishonoured on 31 December 20X3.

What is the correct bank balance to be shown in the statement of financial position at 31 December 20X3?

8. Total Sales are calculated by adding

9. Which of the following item needs to be entered in the Cash Book in order to bring it in line with the entries on the Bank Statement?

10. Which of the following might be a reason, when a Bank Statement show greater balance then Cash Book balance at the end of specified period?