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Bank Reconcilia...

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  • Question 1
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    The purpose of preparing a Bank Reconciliation Statement is to ___________.

  • Question 2
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    Bank reconciliation sometimes points to the need for adjusting entries. Invariably how should it be done? 

  • Question 3
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    The proper treatment on the bank reconciliation of an NSF cheque of a customer that is returned with the bank statement is to show it as a(an) _________.

  • Question 4
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    In case of an enterprise having an overdraft facility, the bank reconciliation statement treats all the cheques deposited but not cleared in the cash book to be ________.

  • Question 5
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    Which of the following error results in unadjusted cash book balance?

  • Question 6
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    Collection charges and incidental charges are first reflected in ___________.

  • Question 7
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    What is true about a reconciliation Statement? It is a statement _________.

  • Question 8
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    The proper treatment on the bank reconciliation of a note collected by the bank for the depositor is to show it as an __________.

  • Question 9
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    Bank reconciliation statement is prepared by _________.

  • Question 10
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    Bank reconciliation statement is the comparison of the bank statement with _______.

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