Question 3: A bank reconciliation statement is only prepared at the end of...
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Accounting
Question 3:
A bank reconciliation statement is only prepared at the end of the financial year?
A. True
B. False
.
.
The items that are recorded on the bank reconciliation statement are those that cause a difference in the balance of the cashbook and the bank statement.
A. True
B. False
.
.
A bank reconciliation statement can only be started with the cashbook balance.
A. True
B. False
.
.
When a cheque is not paid by the bank, it is called?
A. Honoured
B. Endorsed
C. Dishonoured
D. None of the above
.
.
When a bank account balance increases, it is debited on the _______ and credited on
the _______?
A. Bank statement, cashbook
B. Cashbook, bank statement
C. None of the above
.
.
Any decrease in the bank balance is recorded on the _______ side of the cashbook and on the _______ column of the bank statement?
A. Debit, credit
B. Credit, debit
C. None of the above
D. All of the above
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