Bank Reconciliation Statement
Bank statements are kept by:
Banks
Auditors
Depositors/Customers
None of the above
Depositors/Customers
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All amounts credited by the bank but not recorded in the cash book are _________ in the bank reconciliation statement.A. Credited
B. Debited
C. None of the above
D.
Only those items are recorded in the bank reconciliation statement that lead to a difference in the balance of the cash and pass books.
A. True
B. False
C.
D.
When bank balance increases, it is debited in _______ and credited in ________.
A. Pass Book; Cash Book
B. Cash Book; Pass Book
C. None of the given options
D.
The statement that explains the causes of the difference between the cash book and bank statement is called:
A. Bank Statement
B. Financial Statement
C. Income Statement
D. Bank Reconciliation Statement
Bank statements are prepared in the books of the:
A. Bank
B. Guarantor
C. Depositor/Customer
D. None of the above
The customer’s copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:
A. Sales Book
B. Cash Book
C. Pass Book
D. Purchases Book
Bank reconciliation statements are:
A. Parts of the bank statement
B. Memorandum statement
C. Part of the journal
D. Ledger account
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