Banking Quiz

Banking Quiz

12th Grade

32 Qs

quiz-placeholder

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Banking Quiz

Banking Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

William (DHS)

Used 1+ times

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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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