Financial Documents

A bank reconciliation is a statement that is used to report and compare a bank and company account records.

• True

• False

Bank Statement

• Are the short term debts of a company

• Shows the activities in each account on a regular basis or specific time frame

• Used to make a payment

A petty cash receipt

• the money kept in the til

• the money kept in the account

• Is issued for each payment from the fund

Petty Cash

• money kept on hand for paying small expenses

• money in the bank

• money in your personal bank account

Electronic Funds transfer

• Exchange of funds

• Money saved in the bank account

• exchange of money by sending bank records via a computer network

The petty cash fund can not be replenished

• True

• False