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Worksheets

Bank Recon

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Checks that have been written by a company but have not yet been charged to the company's checking account are referred to as __________ checks.

a)

Stale

b)

Bounced

c)

Outstanding

d)

Crossed

2.

Select the action necessary to reconcile the bank statement.

Outstanding check

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

3.

Bank service charge

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

4.

Interest credited to bank account (Credit Memo)

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

5.

Interest charged to bank account. (Debit Memo)

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

6.

Deposit in Transit

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

7.

Bank inadvertently charged your bank account for another company's bank fees.

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

8.

Bank erred by posting another company's credit memo to your company's bank account.

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

9.

The bank collected a Note Receivable for the company and credited the company's bank account for $1,000.

a)

Add to Book Balance

b)

Deduct from Book Balance

c)

Add to Bank Balance

d)

Deduct from Bank Balance

10.

A company recorded its August 15 receipts on its books as PHP165. However, the receipts were actually PHP156. The deposit slip for the bank was prepared correctly as PHP156. What adjustment is needed to the Cash balance per books?

a)

Decrease by 9 pesos

b)

Increase by 9 pesos

c)

None needed