24-25 Bank Reconciliation Quiz

24-25 Bank Reconciliation Quiz

9th - 12th Grade

14 Qs

quiz-placeholder

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24-25 Bank Reconciliation Quiz

24-25 Bank Reconciliation Quiz

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Bobbie Jones

Used 1+ times

FREE Resource

14 questions

Show all answers

1.

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 bank balance?

$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

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