Bank Reconciliation Theory
Authored by Joe Pelchona
Other, Business
11th - 12th Grade
Used 8+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which among the following choices is NOT considered cash and cash equivalent items?
Current Checks
Postal Money Orders
Restricted Deposits
Petty Cash Fund
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A process of bringing together the balance of the cash balance per bank statement, and cash balance per book
Bank Reconciliation
Audit of Cash
Cash examination
Electronic Payments
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In which document will the bank balance be determined?
General Ledger
Bank Statement
General Journal
Balance Sheet
4.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which among the following choices are BOOK reconciling items?
Debit Memo
Credit Memo
Outstanding Checks
Deposits in Transit
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which among the following choices are BANK reconciling items?
Debit Memo
Credit Memo
Outstanding Checks
Deposits in Transit
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A cash control system whereby all cash transactions pass through with a bank
Electronic Payment System
Imprest Fund System
Petty Cash System
Bank Reconciliation
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which among the following choices is NOT considered a cash control procedure?
Ensuring that all cash transactions are supported by a document
Segregation of Duties
One-time recording of cash transactions
Depositing cash daily and intact
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