Bank Reconciliation

Items in the cash book which do not appear on the bank statement are usually caused by _______________ differences.

• amount

• timing

• description

A positive bank balance will appear as a ______________balance in the cash book.

• Debit

• Credit

A cheque that has been received by the business from their trade receivable, paid into bank and debited in the cash book but not recorded in the bank statement is called an ____________________ cheque.

• Unpresented

• Un-credited

• Dishonoured

A_____________________ is a copy of the bank's customer's account in the books of the bank.

• Cash Book

• Bank Reconciliation Statement

• Bank Statement

A positive bank balance will appear as a ____________balance in the bank statement

• Debit

• Credit

A cheque that the business has received from another person or company which have been rejected for payment by the bank when deposited is called ______________ cheque

• Unpresented

• Dishonoured

• Un-credited

An overdraft will appear as a __________ balance in the cash book

• Debit

• Credit

A ____________________ is a temporary loan extended by the bank to help the business through a liquidity crisis. It allows the business to withdraw more than they have deposited.

• Bank overdraft

• Bank Loan

• Irrecoverable debt

An overdraft will appear as a ____________ balance in the bank statement.

• Debit

• Credit

The balance as per __________________ is mentioned as a current asset or liability int he statement of financial position

• Cash Book

• Bank Statement

• Bank Reconciliation Statement

• Updated Cash Book