Fin 806 Activity 2

Bank ----------------------- is a report that compares the bank balance with the company's accounting records.

• Account

• Reconciliation

• Requirements

• Information

The adjusted bank balance should be equal to .................... Balance :

• Cash

• Account receivable

• Account payable

• Credit

The following information is related to Batool Company during the month of October 30,2019.The adjusted bank balance is equal to :

• BD 8850

• BD 8800

• BD 5200

• BD 5150

The first step in bank reconciliation process is to adjust the balance in the company's cash account.

• True

• False

The adjusted balance per bank and the adjusted balance per cash books amount should be different.

• True

• False

The following information is related to Nadia Company during the month of November 30,2019 then the adjusted cash balance is equal to :

• BD 10650

• BD 9650 

• BD 14000

• BD 11450

Collections of dividends should be added to the balance per bank statement.

• True

• False

Bank charges should be substracted from cash balance in bank reconciliation statement.

• True

• False

Deposit in transit should be added to bank balance in bank reconciliation statement.

• True

• False

Non sufficient fund should substracted from bank balance in the bank reconciliation statement.

• True

• False