Bank Statement Balance: $2,500
Checkbook Balance: $2,450
Outstanding Checks: $200
Deposit in Transit: $100
Bank Fees: $25
Assuming the Bank Statement Balance is accurate, what is the adjusted bank balance?
24-25 Bank Reconciliation Quiz

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Bobbie Jones
Used 1+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$2,425
$2,400
$3,050
$2,450
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Statement Balance: $2,500
Checkbook Balance: $2,450
Outstanding Checks: $200
Deposit in Transit: $100
Bank Fees: $25
Assuming the Bank Statement Balance is accurate, what is the adjusted checkbook balance?
$2,425
$2,400
$3,050
$2,450
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Statement Balance: $2,500
Checkbook Balance: $2,450
Outstanding Checks: $200
Deposit in Transit: $100
Bank Fees: $25
Does the checkbook and bank statment reconcile?
Yes
No, the checkbook is low by $25
No, the checkbook is high by $25
Not enough information to determine
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Statement Balance: $1,700
Checkbook Balance: $1,680
Outstanding Checks: $100
Deposit in Transit: $50
Service Charge: $30
Assuming the bank balance is true, do they reconcile, if not is the checkbook high or low?
No, Checkbook is high $50
No, Checkbook is low by $100
No, the Checkbook is low by $30
Yes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Statement Balance: $2,200
Checkbook Balance: $2,180
Outstanding Checks: $400
Deposit in Transit: $300
Bank Fees: $20
What is the adjusted checkbook balance?
$2,160
$2,100
$2,200
$2,140
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Statement Balance: $2,750
Checkbook Balance: $2,720
Outstanding Checks: $150
Deposit in Transit: $250
Bank Error (added $100 to your account by mistake): +$100
What will the adjusted checkbook balance be?
$2,720
$2,750
$2,820
$2,620
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank Statement Balance: $2,750
Checkbook Balance: $2,720
Outstanding Checks: $150
Deposit in Transit: $250
Bank Error (added $100 to your account by mistake): +$100
Do they reconcile, if not what is the difference?
Yes, they reconcile.
No, the checkbook is high by $30
No, the checkbook is low by $30
No, the bank balance is high by $50
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Accounting - Cash Controls

Quiz
•
9th - 12th Grade
17 questions
checking account review

Quiz
•
9th Grade
13 questions
Unit 6 Cash Control Systems Review

Quiz
•
11th Grade
10 questions
W!SE Banking (URHS) #1

Quiz
•
9th - 12th Grade
10 questions
Banking Vocabulary

Quiz
•
10th Grade
12 questions
Bank Statement Reconciliation Quiz

Quiz
•
12th Grade
12 questions
Cash & Internal Controls

Quiz
•
9th - 12th Grade
11 questions
Checking Terms Review

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade