Question

1. Which one which one of the following items would NOT be considered cash a. Coins b. Money orders e. Currency d. Postdated checks 2. A bank statement: a shows the activities that increased or decreased the depositor's account balance b. is a credit reference letter written by the depositor's bank. is a bill from the bank for services rendered. d lets a depositor know the financial position of the bank as of a certain date. 3. A NSF check should appear in which section of the bank reconciliation? a. Addition to the balance per books b. Deduction from the balance per bank c. Addition to the balance per bank d. Deduction from the balance per books 4. Which of the following would be deducted from the balance per books on a bank reconciliation? Outstanding checks b. Deposits in transit c. Notes collected by the bank d. Service charges 5. Which of the following would be added to the balance per books on a bank reconciliation? a. Outstanding checks b. Deposits in transit c. Notes collected by the bank d. NSF check 6. Each of the following would be subtracted from the balance per books on a bank reconciliation, EXCEPT? a. Outstanding checks b. NSF checks c. Check printing charge d. Service charges 7. Which of the following would be deducted from the balance per bank on a bank reconciliation? a. Outstanding checks b. Deposits in transit c. Notes collected by the bank d. Service charges

Answer 1

1. d. Postdated Checks

2. a.shows the activity that increased or decreased the depositor's account balance

3.d.deduction from the balance per books

4. d. Service Charges

5.c.notes collected by the bank

6.a. outstanding Cheques

7.a. outstanding Cheques