ABM GROUP

ABM GROUP

12th Grade

5 Qs

quiz-placeholder

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ABM GROUP

ABM GROUP

Assessment

Quiz

Mathematics

12th Grade

Hard

Created by

Rose Gonzales

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

Daily

Monthly

Weekly

Yearly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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