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WorksheetsACCOUNTING FOR CASH
Total questions: 15
Worksheet time: 8mins
In cash book, the favourable balance indicates
Credit Balance
Debit Balance
Bank Overdraft
Adjusted Balance
On the bank statement, cash deposited by the company is known as
Credit
Debit
Liability
Expense
Bank reconciliation statement compares a bank statement with _________
Cash Payment Journal
Cash Receipt Journal
Financial Statements
Cashbook
What is “Deposit in transit” in bank reconciliation?
Added to Bank Balance
Subtracted from Bank Balance
Subtracted from the Cash Book Balance
Added to Cash Book Balance
‘NSF’ marked in cheque sent back by the bank indicates
Cheque has been forged
A bank couldn’t verify the identity
No sufficient money
A cheque cannot be cashed because it’s illegal
Bank reconciliation description is composed of
Bank Accountant
Business Manager
Business Accountant
Controller of the bank
An unadjusted balance in cash book is because of the result of which error?
Deposit in transit
The omission of Bank charges
Outstanding cheques
Unpresented cheques
Unpresented cheques also referred to as
Bounced cheques
Outstanding cheques
Uncredited cheques
Uncollected cheques
What type of cheques is that which is issued by a firm but not deposited to the bank
Uncredited cheques
Outstanding cheques
Uncollected cheques
Bounced cheques
Outstanding checks:
Add to Book Balance
Deduct from Book Balance
Add to Bank Balance
Deduct from Bank Balance
Bank service charge:
Add to Book Balance
Deduct from Book Balance
Add to Bank Balance
Deduct from Bank Balance
Deposit in transit:
Add to Book Balance
Deduct from Book Balance
Add to Bank Balance
Deduct from Bank Balance
Bank inadvertently charged your bank account for another company's bank fees.
Add to Book Balance
Deduct from Book Balance
Add to Bank Balance
Deduct from Bank Balance
A company wrote a check for RM76 and it cleared the bank for RM76. However, the company recorded the check in its Cash account as RM67. How is the difference of RM9 handled on the bank reconciliation?
Add to Book Balance
Deduct from Book Balance
Add to Bank Balance
Deduct from Bank Balance
A company had a receipt of RM989 and correctly prepared its bank deposit slip for RM989. However, the company recorded the receipt in its Cash account as RM998. How is the difference of RM9 handled on the bank reconciliation?
Add to Book Balance
Deduct from Book Balance
Add to Bank Balance
Deduct from Bank Balance
