Account Statements Quiz
Authored by Gina Collins
Mathematics
9th Grade
CCSS covered
Used 4+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of an account statement?
To organize recipes
To track the weather forecast
To provide medical records
The purpose of an account statement is to provide a detailed record of financial transactions for a specific period.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a bank account statement shows a balance of $500, but the actual balance is $600, what is the error amount?
$200
$400
$50
$100
Tags
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the importance of reconciling account statements regularly.
Identifying discrepancies through reconciliation can lead to legal issues.
Reconciling account statements regularly is unnecessary and time-consuming.
Reconciling account statements regularly helps in identifying discrepancies, preventing financial losses, and building trust with stakeholders.
Building trust with stakeholders is not a priority in financial management.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the total balance if an account statement shows deposits of $2000 and withdrawals of $500.
$2500
$1500
$3000
$1000
Tags
CCSS.7.NS.A.1C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an account statement shows a balance of $700 and there are outstanding checks totaling $200, what is the actual balance?
$400
$500
$300
$600
Tags
CCSS.7.NS.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the total balance if an account statement shows a beginning balance of $1000, deposits of $500, and withdrawals of $300.
$100
$800
$1200
$1500
Tags
CCSS.7.NS.A.3
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You had $1,222.00 in your account. You went to the bank and deposited $700.00. Then you spent $76.00. How much do you have in your account?
Tags
CCSS.7.NS.A.3
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