Bank Reconciliation (Grade 11 NSC Matric Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Who prepares the bank reconciliation statement?
Who prepares the bank reconciliation statement?
The business
What are the two main reasons differences occur between business and bank records?
What are the two main reasons differences occur between business and bank records?
Different timing and errors
Which of these helps bank reconciliation detect?
Which of these helps bank reconciliation detect?
Unauthorised transactions and fraud
Which records does the business maintain for bank reconciliation?
Which records does the business maintain for bank reconciliation?
CRJ, CPJ, and Bank account
Where are outstanding deposits recorded?
Where are outstanding deposits recorded?
On the bank reconciliation statement
Dishonoured cheques marked RD should be recorded where?
Dishonoured cheques marked RD should be recorded where?
Cash Payments Journal
Interest received from the bank is recorded in which journal?
Interest received from the bank is recorded in which journal?
Cash Receipts Journal
How should a post-dated cheque received be handled initially?
How should a post-dated cheque received be handled initially?
Record in post-dated cheque register
What are outstanding cheques?
What are outstanding cheques?
Cheques written but not yet presented
In Step 2 of the procedure, CRJ entries are compared with what on the bank statement?
In Step 2 of the procedure, CRJ entries are compared with what on the bank statement?
Deposits (credits)