
ABM GROUP
Authored by Rose Gonzales
Mathematics
12th Grade

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
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
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
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
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