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Recon's Concept check

Authored by Carel Steinmann

Business

11th - 12th Grade

9 Questions

Used 1+ times

Recon's Concept check
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The bank in the general ledger account of the business will be favourable on the debit side?

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The bank in the general ledger account of the business will be in an overdraft on the debit side?

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bank charges that appear on the bank statement only will be entered into this journal.

CRJ

CPJ

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest received on the current account that appears on the bank statement only will be entered into this journal.

CRJ

CPJ

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an advantage of online or internet banking?

It's cheap

It's convenient

It's safe

It's difficult

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which entry doe not belong in the CPJ looking at the source documents or transaction below?

EFT (Electronic fund transfer)

Credit card slip for payment made

Cash withdrawal from an ATM for petty cash

A cash deposit at an ATM

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The bank balance on the bank statement will be favourable on the _________?

Debit

Credit

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