Fin 806 Activity 2

Fin 806 Activity 2

Assessment

Assessment

Created by

zainab alhamad

Business

12th Grade

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10 questions

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1.

Multiple Choice

1 min

1 pt

Bank ----------------------- is a report that compares the bank balance with the company's accounting records.

Account

Reconciliation

Requirements

Information

2.

Multiple Choice

1 min

1 pt

The adjusted bank balance should be equal to .................... Balance :

Cash

Account receivable

Account payable

Credit

3.

Multiple Choice

1 min

1 pt

Media Image

The following information is related to Batool Company during the month of October 30,2019.The adjusted bank balance is equal to :

BD 8850

BD 8800

BD 5200

BD 5150

4.

Multiple Choice

1 min

1 pt

The first step in bank reconciliation process is to adjust the balance in the company's cash account.

True

False

5.

Multiple Choice

1 min

1 pt

The adjusted balance per bank and the adjusted balance per cash books amount should be different.

True

False

6.

Multiple Choice

1 min

1 pt

Media Image

The following information is related to Nadia Company during the month of November 30,2019 then the adjusted cash balance is equal to :

BD 10650

BD 9650 

BD 14000

BD 11450

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