Hey, check out this amazing 'Banking Reconciliation Calculations Quiz' that is given below. We've designed this quiz to test your knowledge regarding the operation of control accounts, types of errors in accounting, correction of errors, and bank reconciliations. Do you think you'll be able to crack this quiz? Let's see how much you're able to score. If you hit more than 70% score, it means that you're a really good accountant.
(i) only
(ii) only
Both (i) and (ii)
Neither (i) or (ii)
$46,538 as a current asset
$46,538 as a current liability
$46,865 as a current asset
$46,865 as a current liability
To calculate discounts allowed
To identify overdue accounts
To check the calculation of gross profit
To confirm the accuracy of postings
$12,548
$16,395
$10,971
$10,431
(i) only
(ii) only
Both (i) and (ii)
Neither (i) or (ii)
A debit entry of $650
A debit entry of $1,300
A credit entry of $650
A credit entry of $1,300
Debit $642
Debit $2,617
Credit $642
Credit $2,617
As a non-current asset
As a current asset
As a current liability
As a non-current liability
Nil
$140 credit
$280 credit
$420 credit
$72,273
$75,355
$76,961
$81,649
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