7/21/2019 Quiz on Cash and Bank Reconciliation

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Quiz on Cashand BankReconciliatio

nBA 114.1 THUV-2

7/21/2019 Quiz on Cash and Bank Reconciliation

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#1

•A bank oe!d!a"t is classiedcu!!ent liabilit$ and should nbe o%set a&ainst bank accou

'ith debit balances.

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#2

•Co()ensatin& balance is )acash.

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#*

Bank !econciliation is necessonl$ "o! a de(and de)osit o!checkin& account.

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#4

Bank se!ice cha!&es a!e seec!edit (e(os in a bankstate(ent.

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#+

Bank balance , T , ebit/e(os 0 utstandin& checksC!edit (e(os Book balanc

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#3

A )!oo" o" cash is a !econciliao" the !ecei)ts and disbu!se("o! the cu!!ent )e!iod.

7/21/2019 Quiz on Cash and Bank Reconciliation

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#

utstandin& checks o" thecurrent month inc!eased thbook disbu!se(ents "o! the

cu!!ent (onth but hae no e%on the bank disbu!se(ents "othe cu!!ent (onth.

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#5

A bank !econciliation is a (o!e)o!t o" the bank to thede)osito!.

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#6

789 checks a))ea! t'ice in abank state(ent 0 as a debit aalso a c!edit ent!$.

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#1:

n the ad;usted balance (ethdebit (e(os a!e al'a$sdeducted "!o( the book bala