Bank Statements (Grade 12 NSC Matric Mathematical Literacy): Quizzes
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Practise the questions
10 questions from this quiz
What is a bank statement?
What is a bank statement?
A monthly record of account activity
What is the opening balance on a bank statement?
What is the opening balance on a bank statement?
Money in account at start of period
What is a debit transaction?
What is a debit transaction?
Money leaving your account
What is a credit transaction?
What is a credit transaction?
Money entering your account
What four main pieces of info does each transaction show?
What four main pieces of info does each transaction show?
Date, description, amount, balance
How do credits affect your account balance?
How do credits affect your account balance?
They increase the balance
Which of these is a credit transaction?
Which of these is a credit transaction?
Salary payment received
Which of these is a debit transaction?
Which of these is a debit transaction?
ATM cash withdrawal
What formula calculates a new balance?
What formula calculates a new balance?
What are bank statements commonly used for?
What are bank statements commonly used for?
Loan applications, budgeting, tax purposes