Question
33. While banking procedures are designed to prevent misuse of checks, it is a good idea to use a: Select one: a. pure endorsement b.
33. While banking procedures are designed to prevent misuse of checks, it is a good idea to use a:
Select one:
a. pure endorsement
b. restricted endorsement
c. qualified endorsement
d. simple endorsement
35.Writing the words "For Deposit Only" along with your checking account number on the back of a check is called a:
Select one:
a. qualified endorsement
b. restricted endorsement
c. simple endorsement
d. pure endorsement
36. An outstanding check included in this month's bank statement, from a previous month's bank reconciliation, should be:
Select one:
a. added to the book balance of cash
b. added to the bank statement balance of cash
c. deducted from the book balance of cash
d. ignored
38. Find the balance for the check stub.
Date | To | Amount | Balance Forward | Deposits |
---|---|---|---|---|
Mar.10 | TWA Airlines | $1624.53 | $2613.58 | $85.52 |
Select one:
a. $1074.57
b. $4323.63
c. $903.53
d. $4152.59
40. When completing a check stub, to arrive at the ending balance, take the beginning balance and:
Select one:
a. subtract the check and add the deposit
b. subtract the check and the deposit
c. add the check and subtract the deposit
d. add the deposit and the check
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