ABM GROUP

Where will you put your money if you want to build an emergency fund or to save up for something important like a car, wedding, or a vacation?

• Current Account

• Foreign Account

• Joint Account

• Savings Account

What do you call an account that is ideal for those who regularly transact by OFWs and their families, online business owners, and regular travelers? 

• Current Account

• Foreign Account

• Joint Account

• Savings Account

What do you call a report that compares the bank balance as per company’s accounting records with the balance stated in the bank statement?

• Bank Reconciliation

• Bank Reconciliation Statement 

• Cash Account

• Cash Account Statement 

When should a bank reconciliation statement be prepared for the purpose of monitoring the cash flows of a business? 

• Daily

• Monthly

• Weekly

• Yearly

What do you call the fees that are deducted from the bank statement for the bank’s processing of the checking accounts?

• Bank Service Charges

• Deposit Charges

• Printing Charges

• Withdrawal Charges