Chapter 11:  The Bank Reconciliation

Chapter 11: The Bank Reconciliation

11th Grade

18 Qs

quiz-placeholder

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Chapter 11:  The Bank Reconciliation

Chapter 11: The Bank Reconciliation

Assessment

Quiz

Other

11th Grade

Medium

Created by

ZAWADA SHANNON

Used 22+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Matching your check stub/Cash in Bank records with the statement from the bank is known as

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.

canceled check
outstanding check
NSF check
Voided Check
outstanding deposit

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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