
Banking Quiz
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
William (DHS)
Used 1+ times
FREE Resource
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32 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each time cash or checks are placed in a bank account, the customer prepares a ...
deposit slip
signature card
check
No answer text provided.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An endorsement on the back of a check consisting only of a signature is
blank endorsement
special endorsement
a restrictive endorsement
an incorrect endorsement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A lost check with a blank endorsement on it can be cashed by
anyone who has the check
only the person whose name follows the words 'Pay to the order of'
only the person who endorsed the check
No answer text provided.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entry to establish a $200.00 petty cash fund is
debit Petty Cash, $200.00; credit Cash, $200.00
debit Cash, $200.00; credit Petty Cash, $200
debit Miscellaneous Expense; $200.00; credit Cash, $200.00
debit Petty Cash, $200.00; credit Miscellaneous Expense, $200
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A petty cash fund is always replenished
at the end of the month
weekly
daily
bi weekly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bank statement shows a checking account balance of $5,500.00. There are outstanding checks totaling $600.00, an outstanding deposit of $400.00, and a bank service charge of $15.00. The Cash account balance should be.
$5,300.00
$5,700.00
$5,285.00
No answer text provided.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term best describes a check that a bank refuses to pay?
dishonored check
petty cash
debit
post dated check
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