10th Grade Bank Reconciliation Quizzes, Questions & Answers

Think your child knows their 10th grade Bank Reconciliation? Challenge them with our fun and engaging Bank Reconciliation quizzes! Perfect for reinforcing classroom learning and discovering new facts about the world around them.

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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)