1. 2. 3. 4. 5. Which of these transactions between the customer company and bank are recorded in the bank statement? A Customer's balance at the beginning and at the end of the month B Cash or cheque deposits to the bank C Cash withdrawals from the bank D All of the above A new machine was purchased at the price of RM45,000 and was given a trade discount of 10%. The transportation cost of RM1,000 and installation cost of RM1,500 were also paid. What is the cost of the machine? A RM38.000 B RM40.500 C RM51.200 D RM43.000 Which of these transactions between the customer (company) and bank are recorded in the bank statement? A Customer's balance at the beginning and at the end of the month B Cash or cheque deposits to the bank C Cash withdrawals from the bank D All of the above All of these statements explain why the bank statement is very important to the customer except A to identify the amount of money from transaction B to identify balance in current account to compare the balance in the bank statement and the bank's account in the company D to apply for a loan There are tew reasons why the balance in the bank statement and bank account in the company's book are different Choose one answer from the following A The transaction is recorded by the bank in the bank statement but is not recorded in the bank account in the company's book The transactions Is fedorded in the bank account in the company's book but is not by the bank in the bank statement C Errors have occurred while recording the transaction, either in the bank. statement or in the bank account in the company's book D All of the above The balance in the barik statement and the cash book could be different if A the bank clerk forgets to record the transaction B the company clerk forgets to record the transaction Cerrors occurred while recording the transaction either in the bank statement or in the bank account in the company sbook D the document of the transaction is lost The transaction is recorded in the bank account in the company s book but is left out in the bank statement. All of these statements could be true except A the deposit is not credited in the company's bank account by the bank B the cheque has not been proposed to the bank C a mistake occurred while recording in the cash book D a credit transfer occurred The deposit is not credited in the barik agcount of the company. This could occur if A the company received the chegue from their customer during the month and it was deposited into the bank but was stunt credited by the bank B the cheque was recorded as a theropany's bank account (cash book) Csometimes mistakes happen while recording the transaction in the company's bank account book D the customer pays the company by chaqueta very important for the customer to ensure the amount in available in their account for the transaction 6 . . 7. 8
