Bank reconciliation

Choose which Section of the bank statement should the following appear

1)Deposit in transit should appear on:

• A) CASH +

• B) BANK +

• C CASH -

Collection of notes receivable :

• A) CASH +

• B) BANK +

• C) CASH -

Bank charges will appear as CASH - ?

• True

• False

Loan repayment :

• A) CASH +

• B) BANK +

• C) CASH -

DIVIDENDS :

• A) CASH +

• B) CASH -

• C) BANK -

NSF checks :

• A) CASH +

• B) BANK +

• C) CASH -

Interest earned :

• A) CASH +

• B) BANK +

• C) CASH -

Outstanding checks will appear as

• A) CASH +

• B) BANK -

• C) CASH -