27TH Edition Accounting Book

1. 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

Report an issue

2. 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

3. 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

4. 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

5. 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

6. 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