WorksheetsBank Reconciliation
Total questions: 10
Worksheet time: 5mins
Checks that show up on your bank statement after the process is completed
Cleared Checks
Deposits in Transit
Outstanding Check
NSF Checks
When checks are bounced back and you are charged an overdraft fee. This is known as...
Cleared Checks
Deposits in Transit
Outstanding Check
NSF Checks
A check you wrote that has not been deposited and cleared by the other party's bank is known as..
Cleared Checks
Deposits in Transit
Outstanding Check
NSF Checks
A cash deposit made by business appears on the bank statement as _______ balance.
Debit
Credit
Expenses
Liabilities
What is the term for balancing a company's cash account to its bank account?
Account balancing
Bank reconciliation
Adjustment
Cleared balance
In order to perform a bank reconciliation you will need the check register and which of the following?
Bank Statement
Chart of Accounts
Accounts Payable
Accounts Receivable
A_____________________ is a copy of the bank's customer's account in the books of the bank.
Cash Book
Bank Reconciliation Statement
Bank Statement
What do you need to ADD to YOUR records that the bank has on their end?
Outstanding Deposits
Interest Earned
Outstanding Checks
Your Own Errors
What are things that YOU know about that are NOT on the bank statement?
Interest Earned
Bank Fees
NSF Checks
Outstanding Checks
NSF Check means...
Not Satisfied Fully
Not So Full
Non Sufficient funds
Non Satisfied Facts
