WorksheetsBank reconciliation Statement
Total questions: 12
Worksheet time: 11mins
A Bank Reconciliation statement is prepared to
check that the balance shown in the cash book agrees with the balance shown in the bank statement
check how much funds are in the business bank account only
give instruction to the bank
deposited money by a business into their account
A bank reconciliation statement is
part of the cash book
part of financial statement
part of the bank statement
nonne of the above
The type of transactions recored in a Cash Book are:
all sales on credit
all expenses
all purchases on credit
all cash and cheques received from any source
Bank Reconciliation Statement is prepared:
at the end of each month
at the end of year
at the end of each quarter
at any date the firm give
A bank reconciliation statement is prepared by?
banker
accountant
auditors
consultant
If the bank statement balance does not agree with the balance of the cash book then we must prepare a
bank giro
bank lodgement
bank reconciliation statement
bank statement
A cheque which has been sent but has not yet gone through the bank account of the payee is known as a .
(a)
Which of the following is a correct procedure for setting up a bank reconciliation statement
balance per cash book + unpresented cheques + bank lodgement
balance per cash book + dishonoured cheque - bank lodgement
balance per bank statement - unpresented chques + dishonoured cheque
balance per cash book + unpresented cheque - bank lodgement
If the balance per cash book is $90,645, unpresented cheques equals $20,983, and bank lodgement equal $ 10,987. what is the balance per bank statement?
100,614
100,641
111,628
122,615
If the balance per cash book is $1010, the unpresented cheques equal $109, and bank lodgement equals 79 and bank charges equals $15. What is the balance per bank statement?
1,119
1,055
1,040
1,025
Which is NOT a step in the Bank reconciliation statement?
tick items off that appears in both the cash book and bank statement
match the entries of the cash book to the bank statement.
circle the items that are unticked in the cash book and balance statement
add entries to the bank statement
What is your level of understanding on the topic bank reconciliation statement?
(5 being the highest and 1 being the lowest)
5
4
3
2
1
