Bank Reconciliation Quizzes, Questions & Answers

Top Trending Quizzes

This quiz on Bank Reconciliation Statement assesses understanding of the adjustments needed to reconcile the differences between the cash book balance and the pass book balance. It tests skills in identifying unrecorded...

Questions: 45 | Attempts: 1123 | Last updated: Mar 20, 2024

Sample Question
A Bank Reconciliation Statement is prepared to know the causes for the difference between:

The balances as per cash column of Cash Book and the Pass Book.

The balance as per bank column of Cash Book and the Pass Book

The balance as per bank column of Cash Book and balances as per cash column of Cash Book

None of the above

Quiz : Bank Reconciliation Statement

This quiz on Bank Reconciliation Statement assesses understanding of bank statement balances, including the meaning of credit and debit balances in cash and pass books, and the nature of the bank reconciliation statement. It's...

Questions: 12 | Attempts: 3820 | Last updated: Jan 18, 2023

Sample Question
Credit balance in the cash book means ____

Negative balance

Positive balance

Recent Quizzes

Banking Reconciliation Calculations Quiz

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,...

Questions: 10 | Attempts: 430 | Last updated: Mar 20, 2023

Sample Question
When preparing the payables ledger reconciliation for a client, you noted the following errors: (i) an invoice for $215 from a supplier was not entered in the accounting records (ii) an invoice for $465 was recorded as $456 in the purchase day book Which of the errors will cause a difference between the balance on the control account in the nominal ledger and the total of the list of balances from the personal ledger?

(i) only

(ii) only

Both (i) and (ii)

Neither (i) or (ii)