Have an account?
Skip to Content
10 questions
Show Answers
See Preview
- Multiple ChoicePlease save your changes before editing any questions.
Bank ----------------------- is a report that compares the bank balance with the company's accounting records.
Account
Reconciliation
Requirements
Information
- Multiple ChoicePlease save your changes before editing any questions.
The adjusted bank balance should be equal to .................... Balance :
Cash
Account receivable
Account payable
Credit
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
The first step in bank reconciliation process is to adjust the balance in the company's cash account.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
The adjusted balance per bank and the adjusted balance per cash books amount should be different.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Collections of dividends should be added to the balance per bank statement.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Bank charges should be substracted from cash balance in bank reconciliation statement.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Deposit in transit should be added to bank balance in bank reconciliation statement.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Non sufficient fund should substracted from bank balance in the bank reconciliation statement.
True
False