Bank Rec Quiz

Why do a bank rec ?

• To monitor all bank accounts within our liquidations & receivership's

• To detect any errors when a transaction is recorded

• To give an up to date & accurate view of a bank balance

• All the above

A transaction which has already been processed & gone through the bank account is a ...........

• Daily Postings

• Daily Transaction

Which of the following is a Daily Posting ?

• Bank Charge

• Funds Received

• Invoice

A daily transaction is a payment that we request to be made

• True

• False

Which format do we usually use for daily postings ?

• Direct Debit

• SEPA

• Standing Order

Who do you send your completed bank recs to on a Friday ?

• Steve

• Lindsay

• Paola

• Wla

Who was in a hospital bed on slide 11 ?

• Dan

• Cathal

• Cian

• Conor