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WorksheetsBank Reconciliation Statement
Total questions: 15
Worksheet time: 6mins
A cash deposit made by customer appears on the bank statement as _______ balance.
Debit
Expenses
Liabilities
Credit
If the final balance of the bank statement is credit, it indicates that the business owes the bank money.
True
False
If the bank charges the business fees, the bank makes a debit entry in the bank statement.
True
False
What do we call a cheque that the bank refused to pay the payee because the drawer has insufficient funds in his current account?
Stale cheque
Dishonoured cheque
Sad cheque
Dubious cheque
Which of the following is already recorded in the Cash at Bank account but not in the Bank Statement?
Bank charges
Dishonoured cheque
Uncredited cheque
Direct deposit
What to be recorded for updating cash book? (more than 1 answer)
Uncredited amount
Bank interest
Bank error
Standing order
Bank charge
What to be recorded in a bank reconciliation? (more than 1 answer)
add uncredited amount
less uncredited amount
add unpresented cheque
less unpresented cheque
The following are the reasons for dissimilarity between balances in the bank statement and the cash book, except
direct debit
credit transfer
cheque cleared
dishonoured cheque
In preparing a bank reconciliation statement, which of the following items will not be included in updating the cash book?
Interest charges
Unpresented cheque
Bank charges
Standing order
A bank reconciliation statement is a statement that is
drawn up by the bank to verify the cash book.
sent by the bank when the account is overdrawn.
drawn up by the business to verify the cash book balance with the bank statement balance.
sent by the bank when the business has made an error.
Uncredited cheques are
cheques issues by a business but not yet cashed out by creditors.
cheques that are already deposited into a business's bank account but not yet recorded in the bank statement.
bank charges on the services provided by the bank.
instructions given by a business to make regular payments on its behalf to its creditors.
Direct debit means
instructions by the business to the bank to pay a fixed regular amount of money as stated dates to persons, businesses or companies.
instructions to the bank to release amounts of money requested by creditors from time to time.
the direct transfer of money from the business's bank account into its creditors' bank account.
the direct transfer of money into the business's bank account by its debtors.
A cheque is drawn by the business for RM609 for payment of liability was recorded in the journal as RM906. This item would be included in the bank reconciliation as _________.
deduction by the bank
addition by the bank
deduction by the business
addition by the business
A cheque received from a debtor on 28 April 20x8 was credited into the bank on 30 April 20x8. However, on 7 May 20x8, the bank returned the cheque. This is known as _______.
unpresented cheque
uncredited cheque
dishonoured cheque
unrecorded deposit
The bank reconciliation statement shows a debit balance RM2,470 as per the cash book, unpresented cheques amounting to RM858, and a credit balance of RM1,198 as per the bank statement. What is the amount of the deposits not yet credited?
RM2,810
RM2,130
RM4,526
RM414
