Bank reconciliation & Journal Entries Questions
Bank Reconciliation & Journal Entries Quiz
Test your knowledge on bank reconciliation and journal entries with our comprehensive quiz! This quiz consists of 21 carefully designed questions that range from basic to advanced topics. Whether you're a finance professional or just looking to brush up on your accounting skills, this quiz has something for everyone.
- Understand outstanding checks and their implications
- Explore the significance of journal entries
- Learn about different accounts and their classifications
- Enhance your practical knowledge for real-world applications
Q 1 Outstanding checks Are ?
(A) Add To BOOK Balance Deduct
( B) From BOOK Balance Add
(C) To BANK Balance Deduct
( D) From BANK Balance
Q 2 The outstanding check is the missing entry of?
(A) Cash book
(B) Passbook
(C ) both
(D) None
Q 3 The cheque which is issued to creditor but is not presented for payment is called?
(A) Uncredited cheque
(B) Outstanding cheque
(C) Omitted cheque
(D) Dishonored cheque
Q 4 A pass book is a copy of ?
(A) A customer’s account in the bank’s books
(B) Cash book relating to bank column
(C) Cash book relating to cash column
(D) Firm’s receipts and payments
Q 5 When a check is not paid by the bank, it is called?
A. Honored
B. Endorsed
C. Dishonored
D. a & b
Q 6 Journal is also called a?
(A) A day book
(B) History book
(C) Ledger book
(D) An entry book
Q 7 Drawings falls under which account ?
(A) Personal account
(B) Real account
(C) Nominal account
(D) None of these.
Q 8 Data net amount is excluded in which file for BF Journal Entries?
( A) France
(B) Argentina
Q 9 The journalist transactions are recorded in which order?
(A) The alphabetical order
(B) The chronological order
(C) The increasing order
(D) The decreasing order
Q 10 The process in which the transactions are recorded in various journals is called ?
(A) Entry making
(B) Journalizing
(C) Posting
(D) Adjusting
Q 11 What is GL Account number code for Transfer fee ?
(A) 50200-000-00000
(B) 66010-000-00000
(C) 35100-000-00000
(D) 54090-000-0000
Q 12 21 % VAT Amt calculated in which country for the Transfer and Franchisee fee entry?
(A) Mexico
(B) France
(C) PAKISTAN
(D) ARGENTINA
Q 13 What is GL Account number code for Bank fees Journal Entry for SIHBV NET ? ?
(A) 50200-000-00000
(B) 66010-000-00000
(C) 54090-000-00000
(D) 66010-000-0000
Q 14 For the Weekly Journal Entry of Previous month what will be the check date of that Journal Entry ?
(A) Current date
(B) Original Entry date
(C) First date of current month
(D) Month Ending date
Q 15 Manual deposits amounts in Bank Activity are in which form ?
(A) Negative
(B) Positive
(C) Both
(D) None of these
Q 16 Store Number is include in which Journal Entry ?
( A) Franchise Fee
(B) Transfer Fee
(C) Bank Fee
(D) Interest Fee
Q 17 For the Journal Entry which date we mention in Description , G L Distribution Reference, AADisttribution Reference Column ?
( A) Current date
(B) Originating date
(C) Month End date
(D) 1st date of Month
Q 18 Cash Disbursement unreconciled amount is shown in which section of Bank reconciliation ?
(A) Bank Balance
(B) G L Ledger Balance
(C) Unidentified Amounts
(D) Outstanding checks
Q 19 Bank Fees amount in Bank Activity is in which form ?
(A) Positive
(B) Negative
Q 20 How can we get Unidentified amounts ?
( A) Smartlist
(B) Bank Activity
(C) Monthly File
(D) None of these
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