Quiz 10: Bank Reconciliation Test

The bank reconciliation process is a means of ensuring that the cash book of the business is reconciled to the bank statement provided by the bank. Take our basic bank reconciliation test to check out your knowledge of bank reconciliations used in mdct.ru.

Not Ready for the Bank Reconciliation Test?

If you need a refresher course on this topic you can view our bank reconciliations tutorial here.

Start the Bank Reconciliation Test

Click on an answer to reveal whether its Right! or Wrong

1. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus cash received by the business, posted to the cash book, but not yet banked?
Wrong
Right!
2. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus bank interest received from the bank posted to the bank statement?
Right!
Wrong

3. Your are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus bank transfers from customers?
Right!
Wrong
4. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus interest paid to the bank charged to the bank statement?
Wrong
Right!
5. You are reconciling the bank statement balance to the cash book balance, do you need to plus or minus bank charges?
Wrong
Right!
6. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus receipts which have not yet been banked?
Right!
Wrong
7. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus direct debits?
Wrong
Right!
8. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus a receipt posted in cash book in error?
Right!
Wrong
9. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus a payment posted to cash book in error?
Right!
Wrong
10. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus checks which have not yet cleared the bank?
Right!
Wrong

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Quiz 10: Bank Reconciliation Test December 14th, 2016Team

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