If the final balance of the bank statement is credit, it indicates that the business owes the bank money.

If the bank charges the business fees, the bank makes a credit entry in the bank statement.

The type of transactions recorded in a Cash Receipts Day Book are:

The type of transactions recorded in a Cash Payments day book are:

If the final balance in the bank statement is £3500 Dr, unpresented cheques equal £200 and outstanding deposits total £400, the final balance in the business's bank account is:

If the final balance in the bank statement is £3900 Cr, unpresented cheques equal £500 and outstanding deposits total £900, the final balance in the business's bank account is:

If the final balance in the bank reconciliation statement is £5600 Dr, the opening balance in the bank account is £2100 Dr, the amount of payments during the month is £22400 and the amount of outstanding deposits is £300, the amount of receipts during the month is:

Items in the cash book which do not appear on the bank statement are usually caused by _______________ differences.

A positive bank balance will appear as a ______________balance in the cash book.

A cheque that has been received by the business from their trade receivable, paid into bank and debited in the cash book but not recorded in the bank statement is called an ____________________ cheque.

A_____________________ is a copy of the bank's customer's account in the books of the bank.

A positive bank balance will appear as a ____________balance in the bank statement

A cheque that the business has received from another person or company which have been rejected for payment by the bank when deposited is called ______________ cheque

An overdraft will appear as a __________ balance in the cash book

A ____________________ is a temporary loan extended by the bank to help the business through a liquidity crisis. It allows the business to withdraw more than they have deposited.

An overdraft will appear as a ____________ balance in the bank statement.

The balance as per __________________ is mentioned as a current asset or liability in the statement of financial position

A bank reconciliation statement is

A cash deposit made by business appears on the bank statement as _______ balance.

A payment of £6,500 by cheque was wrongly recorded on the debit side of the cash book.

What occurs when a customer has withdrawn more funds than were actually in the banking account resulting in the customer owing money to the bank?

What do we call a cheque that the bank refused to pay the payee because the drawer has insufficient funds in his current account?

Why cash book and bank reconciliation doesn't provide the same value?

Received cheque for £150 recorded by the business, but not cleared yet through bank, what correction need to be made?

Paid interest £150 recorded by the bank, what correction need to be made?

what to be recorded for updating cash book? (more than 1 answer)

What to be recorded in bank reconciliation? (more than 1 answer)

Uncollected cheques are also known as?

What is the term for balancing a company's cash account to its bank account?

When checque is not paid by the bank, it is called?

A bank reconciliation statement is prepared by?

In the cash book, bank charges are recorded on the?

A bank reconciliation statement is

The balance of cash at bank shown in the cash book is £1200. The bank statement balance shown £1440.

Which can explain the difference?

A bank statement balance and a cash book balance do not agree.

Which items arise from timing differences?

1 bank charges

2 bank errors

3 uncredited deposits

4 unpresented cheques

Which would appear on a bank statement?

If the Bank Statement balance does not agree with the bank balance of the Cash Book, then _________.

If the final balance in the bank statement is £3900 Cr, unpresented cheques equal £500 and outstanding deposits total £900, the final balance in the business's bank account is:

If the final balance in the bank reconciliation statement is £5600 Dr, the opening balance in the bank account is £2100 Dr, the amount of payments during the month is £22400 and the amount of outstanding deposits is £300, the amount of receipts during the month is:

If an error is found to exist in the bank's records, an adjustment may be made in the business's Cash Receipts or Cash Payments day book.

An enterprise can request its bank to make payments of varying amounts from business bank account. It is known as ______________.

A bank overdraft will appear as a __________balance in Bank Statement.

A payment of £6,500 by cheque was wrongly recorded on the debit side of the cash book.

A bank service charge fee of £200 was wrongly debited by the bank as £2,000