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11th

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Bank Reconciliation Statement

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  • 1. Multiple Choice
    1 minute
    1 pt

    A bank reconciliation statement is

    Part of the cash book

    Part of Bank account

    Part of financial statement

    None of the above

  • 2. Multiple Choice
    30 seconds
    1 pt

    If the Bank Statement balance does not agree with the bank balance of the Cash Book, then _________.

    the Cash Book should be regarded as the correct record of transactions

    the Bank Statement should be regarded as the correct record of transactions

    a Bank Reconciliation Statement should be prepared

    the difference could be either a current asset or current liability

  • 3. Multiple Choice
    1 minute
    1 pt

    A cash deposit made by business appears on the bank statement as _______ balance.

    Debit

    Credit

    Expenses

    Liabilities

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