Matching your check stub/Cash in Bank records with the statement from the bank is known as
Chapter 11: The Bank Reconciliation

Quiz
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Other
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11th Grade
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Medium
ZAWADA SHANNON
Used 22+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Summary
Posting to the Ledger
Bank Reconciliation
Journalizing
2.
REORDER QUESTION
45 sec • 1 pt
What is the correct order to complete a bank reconciliation?
Add the outstanding deposits
List outstanding checks
Enter the bank balance
Subtract the outstanding checks
Record service charge and other fees on check stub
3.
DRAG AND DROP QUESTION
45 sec • 1 pt
A (a) is on that has been recorded in both the check stub and on the bank statement. An (b) is one that is recorded in the check stub but not on the bank statement. Finally, an (c) is one that is recorded as a deposit on the check stub and dishonored by the bank.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Outstanding checks and voided checks are the most frequent causes for differences between the bank statement balance and the checkbook balance.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Outstanding checks and outstanding deposits are the most frequent causes for differences between the bank statement balance and the checkbook balance.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prompt reconciliation of the bank statement is a good way to guard against disorderly cash records or cash loss.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nov. 30
A bank service fee of $12 was charged to the Abrams Tree Service account and appeared on its bank statement.
What is the debit in this journal entry?
Cash in Bank
A/R - Abrams Tree Service
Service Charge Expense
Miscellaneous Expense
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