Chapter 5 Test Review

Chapter 5 Test Review

9th - 12th Grade

32 Qs

quiz-placeholder

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Chapter 5 Test Review

Chapter 5 Test Review

Assessment

Quiz

Other

9th - 12th Grade

Hard

Created by

Krystina Hunt

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The petty cash fund is a liability with a normal debit balance.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank account from which payments can be ordered by a depositor.

Checking Account

Debit Card

Deposit Slip

Dishonored Check

Electronic Funds Transfer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When petty cash is replenished, Petty Cash is debited and Cash is credited.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.

Checking Account

Debit Card

Deposit Slip

Dishonored Check

Electronic Funds Transfer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An outstanding check is one that has been issued but not yet reported on a bank statement.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank form listing the checks, currency, and coins that an account holder is adding to the bank account.

Checking Account

Debit Card

Deposit Slip

Dishonored Check

Electronic Funds Transfer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Voided checks should be recorded in the journal.

True

False

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