Financial AccountingCash Management and Bank Reconciliation-Quiz

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

2. 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?

3. Bank Reconciliation Statement is prepared by

4. 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?

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

6. Bank Reconciliation Statement is prepared by

7. Bank Reconciliation Statement is

8. 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?

9. A debit balance in the Bank Statement indicates

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