bank reconciliation

If the final balance in the bank statement is $3500 Dr, unpresented cheques equal $200 and outstanding deposits total $400, the final balance in the business's bank account is:

• $3700 Dr

• $3700 Cr

• $3300 Cr

• $3300 Dr

If the final balance in the bank statement is $3900 Cr, unpresented cheques equal $500 and outstanding deposits total $900, the final balance in the business's bank account is:

• $4300 Dr

• $4300 Cr

• $3500 Cr

• $3500 Dr

If the final balance in the bank reconciliation statement is $5600 Dr, the opening balance in the bank account is $2100 Dr, the amount of payments during the month is $22400 and the amount of outstanding deposits is $300, the amount of receipts during the month is:

• $25900

• $14700

• $18900

• $14400

A cash deposit made by business appears on the bank statement as _______ balance.

• Debit

• Credit

• Expenses

• Liabilities

On 7 April 2016, you received the bank statement for March and found that a $12,000 cheque, which was drawn on 10 September 2015 and paid to creditor, had not been presented to the bank.

• Cash Book, Dr Cash Cr Creditor

• Cash Book, Dr Creditor Cr Cash

• Bank Rec. item, Add to bank balance

• Bank Rec. item, less from cash book bal.

A payment of $6,500 by cheque was wrongly recorded on the debit side of the cash book.

• Cash book,

  Dr Cash Cr payment overstated

• Cash book,

  Dr payment understated Cr Cash

• Bank Rec. item, Add to bank balance

• Bank Rec. item, less from cash book bal.

What occurs when a customer has withdrawn more funds than were actually in the banking account resulting in the customer owing money to the bank?

• Credit balance

• Overdraft

• Levies

• Transactions

What do we call a cheque that the bank refused to pay the payee because the drawer has insufficient funds in his current account?

• Stale cheque

• Dishonoured cheque

• Sad cheque

• Dubious cheque

Which of the following is already recorded in the Cash at Bank account but not in the Bank Statement?

• Bank charges

• Dishonoured cheque

• Uncredited cheque

• Direct deposit

Received cheque 150 recorded by the business, what correction need to be made?

• cash book +150

• cash book -150

• bank statement +150

• bank statement -150