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Quizizz 4.2.3/4.2.4 Banking Activities

Authored by Patricia Trubee

Business

9th Grade - Professional Development

Used 31+ times

Quizizz 4.2.3/4.2.4 Banking Activities
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After a bank reconciliation is complete, which of the following types of adjustments should be journalized?

adjustments per books

adjustments per bank

adjustments per cash

adjustments per books and bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Service fees, transfer fees, and ATM fees _____ the bank account

are added to

are deducted from

are not added to or deducted from

are both added to and deducted from

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corrected bank errors _____ the bank account.

are only added to

are only deducted from

may be added to or deducted from

are not added to or deducted from

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Deposits in transit and outstanding checks _____ the bank account.

may be added to or deducted from

are deducted from

are added to

are not added to or deducted from

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest earned and notes receivable collected _____ the bank account.

are added to

are deducted from

are not added to or deducted from

are both added to and deducted from

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of account is almost always included in all journal entries for banking activities?

accounts payable

cash

accounts receivable

expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After a bank reconciliation has been completed, these transactions are listed as _____ to the cash balance.

credits

journal entries

adjustments

debits

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