Bank Reconciliation
Assessment
•
Peter Mihos
•
Other
•
11th Grade
•
407 plays
•
Hard
Student preview
16 questions
Show answers
1.
Multiple Choice
The cash register provides two pieces of information - a cash register docket and a cash register summary.
True
False
2.
Multiple Choice
The bank column in the Cash Receipts journal shows the total amount received on a single day.
True
False
3.
Multiple Choice
The bank column in the Cash Payments journal shows the total paid on a single day.
True
False
4.
Multiple Choice
The total entered in the bank column of the Cash Receipts journal will agree with the total of the bank deposit slip.
True
False
5.
Multiple Choice
Whenever money is deposited by the business, a credit entry in its records corresponds to a debit entry in the bank's records.
True
False
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