Question

8._____Which of the following items would you deduct from the bank statement balance to calculate the reconciled cash balance on the bank reconciliation?

            A. Deposits in transit

            B. Book error – a $300 check recorded as $175

            C. Bank service charges

            D. None of the above

9._____In reconciling the March bank statement, the supervisor discovered that the bookkeeper had recorded a check written for $32 as $23 in the cash disbursements journal. For the bank reconciliation, the $9 error should be:

            A. Added to the balance per bank statement

            B. Added to the balance per general ledger

            C. Deducted from the balance per bank statement

            D. Deducted from the balance per general ledger

10._____In reconciling the October bank statement, the supervisor discovered that the bookkeeper had recorded a check written for $257 as $275 in the cash disbursements journal. For the bank reconciliation, the $18 error should be:

            A. Added to the balance per bank statement

            B. Added to the balance per general ledger

            C. Deducted from the balance per bank statement

            D. Deducted from the balance per general ledger

11._____Which of the following would you add to the balance per general ledger to arrive at the reconciled cash balance in the bank reconciliation?

            A. Bank service charge

            B. Collection of a note by bank

            C. “NSF” checks

            D. Deposits in transit

Leave a Reply

Your email address will not be published. Required fields are marked *