Financial AccountingCash Management and Bank Reconciliation-Quiz

composition creativity desk education
Photo by Pixabay on Pexels.com

1. Bank Reconciliation Statement is prepared by

 
 
 
 

2. Bank Reconciliation Statement is

 
 
 
 

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

 
 
 
 

4. A form that allows individuals to compare their personal bank account records to the bank’s records of the individual’s account balance in order to uncover any possible discrepancies is known as

 
 
 
 

5. Cash book is a part of _________ .

 
 
 
 

6. 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?

 
 
 
 

7. Bank Reconciliation Statement is prepared by

 
 
 
 

8. 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?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

Question 1 of 10

AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us
https://excel-accountancy.com/wp-content/uploads/2019/04/img-footer-map.png
GET IN TOUCHSocial links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright by Excel Accountancy. All rights reserved.

Copyright by BoldThemes. All rights reserved.