Bank reconciliation Statement

A Bank Reconciliation statement is prepared to

• check that the balance shown in the cash book agrees with the balance shown in the bank statement

• check how much funds are in the business bank account only

• give instruction to the bank

• deposited money by a business into their account

A bank reconciliation statement is

• part of the cash book

• part of financial statement

• part of the bank statement

• nonne of the above

The type of transactions recored in a Cash Book are:

• all sales on credit

• all expenses

• all purchases on credit

• all cash and cheques received from any source

Bank Reconciliation Statement is prepared:

• at the end of each month

• at the end of year

• at the end of each quarter

• at any date the firm give

A bank reconciliation statement is prepared by?

• banker

• accountant

• auditors

• consultant

If the bank statement balance does not agree with the balance of the cash book then we must prepare a

• bank giro

• bank lodgement

• bank reconciliation statement

• bank statement

A cheque which has been sent but has not yet gone through the bank account of the payee is known as a .

(a)  

Which of the following is a correct procedure for setting up a bank reconciliation statement

• balance per cash book + unpresented cheques + bank lodgement

• balance per cash book + dishonoured cheque - bank lodgement

• balance per bank statement - unpresented chques + dishonoured cheque

• balance per cash book + unpresented cheque - bank lodgement

If the balance per cash book is $90,645, unpresented cheques equals $20,983, and bank lodgement equal $ 10,987. what is the balance per bank statement?

• 100,614

• 100,641

• 111,628

• 122,615

If the balance per cash book is $1010, the unpresented cheques equal $109, and bank lodgement equals 79 and bank charges equals $15. What is the balance per bank statement?

• 1,119

• 1,055

• 1,040

• 1,025