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27th Edition Accounting Book:

1. Q. After performing a bank reconciliation, you need to journal:

Answer choices

1. All items on the Account Statement side
2. All items in the reconciliation
3. All items on the Company Books side
4. The movements of checks not drawn and cashed

2. Q. With what documents is the bank reconciliation carried out?

Answer choices

1. Checks and Deposit Chips
2. Company assistant and issued checks
3. Bank statement and deposit slips
4. Bank statement and auxiliary bank account of the company

3. Q. Why doesn't the bank balance match the company balance?

Answer choices

1. Daily logs
2. Accounting calculations
3. Checks in circulation and bank commissions
4. Arithmetic calculations

4. Q. What is the purpose of preparing the bank reconciliation?

Answer choices

1. Specify differences and their correction
2. Check the bank movements made
3. Justify company reimbursements
4. Make the necessary adjustments

5. Q. One of the circumstances whereby the bank account balance does not match the bank statement?

Answer choices

1. Cashier's checks
2. Checks issued by the company not yet collected by the beneficiaries
3. Bearer checks
4. Nominative checks

6. Q. What is bank reconciliation?

Answer choices

1. Review bank movements
2. Add up all bank deposits
3. Consider all checks
4. Agree the balances of the company with those of the bank

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7. Q. Operations registered by the company but not registered in the bank:

Answer choices

1. Floating Checks, Deposits in circulation
2. Bank error
3. Checks without sufficient funds
4. Charges for services

8. Q. Operations registered by the bank but not by the company

Answer choices

1. Checks in Circulation
2. Checks Not enough funds, Collections made by the bank
3. Floating Tanks
4. Bank errors

9. Q. The charges for services that the bank debits, the following accounts are affected:

Answer choices

1. Cash and Selling Expenses
2. Selling expenses charged and banks paid
3. Financial expenses charged and Banks paid
4. Clients and Banks

10. Q. Checks without sufficient funds are registered in:

Answer choices

1. The balance according to the company's books
2. The balance according to the Bank's account statement

11. Q. When the Bank collects from customers, the following accounting record is run:

Answer choices

1. Clients loaded and Banks paid
2. Banks loaded and Clients paid
3. Selling expenses and Banks
4. Banks and Financial Products

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