Quiz 10: Bank Reconciliation Test | Double Entry Bookkeeping

The bank reconciliation process is a means of ensuring that the cash book of the business is reconciled to the bank statement provided by the bank. Take our basic bank reconciliation test to check out your knowledge of bank reconciliations used in double entry bookkeeping.

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If you need a refresher course on this topic you can view our bank reconciliations tutorial here.

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1. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus cash received by the business, posted to the cash book, but not yet banked?

2. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus bank interest received from the bank posted to the bank statement?

3. Your are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus bank transfers from customers?

4. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus interest paid to the bank charged to the bank statement?

5. You are reconciling the bank statement balance to the cash book balance, do you need to plus or minus bank charges?

6. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus receipts which have not yet been banked?

7. You are reconciling the bank statement balance to the cash book balance. Do you need to plus or minus direct debits?

8. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus a receipt posted in cash book in error?

9. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus a payment posted to cash book in error?

10. When reconciling the bank statement balance to the cash book balance, do you need to plus or minus checks which have not yet cleared the bank?

Try Another Double Entry Bookkeeping Quiz

The bank reconciliation test is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.

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