C14: Bank reconciliation statements
Quiz
•
Other
•
11th Grade
•
Practice Problem
•
Medium
Pang SC
Used 9+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A copy of a customer’s account in the books of the bank which is sent to the customer at regular intervals.
Standing order
Statement of account
Bank statement
Direct debit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money being paid into the bank account.
Deposit
Debit
Withdrawal
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money being taken out of the bank account.
Deposit
Withdrawal
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payments and receipts made by the bank that have not been recorded in the cash book.
Omitted items
Included items
Updated cash book
Bank statement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amounts paid into a business’s bank statement, but which have not yet been recorded on the bank statement as credit entries.
Uncredited deposits
Uncredited cash book
Unpresented cheques
Undebited cash book
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cheques issued by the business but not presented by the payee to the bank.
Uncredited cheques
Uncredited deposits
Unpresented cheques
Unpresented amounts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Errors have been made (either by the bank or, more likely, by the business).
Unpresented cheques
Uncredited deposits
Updated cash book
Errors
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