Accounting Chapter 11

Accounting Chapter 11

11th - 12th Grade

25 Qs

quiz-placeholder

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Accounting Chapter 11

Accounting Chapter 11

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Easy

Created by

Scott Hingle

Used 23+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check should be written before the check stub is filled out.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ending balance on the bank statement seldom agrees with the balance in the checkbook.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A stop payment order and voiding the check mean the same thing.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Check written in pencil are acceptable.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prompt reconciliation of the bank statement is a good way to guard against disorderly cash records or cash loss.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person who signs the checks?

drawer

drawee

ATM

date

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check returned to the depositor by the bank because there is not enough funds in the account?

check

NSF check

drawer

drawee

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