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BANK RECONCILIATION STATEMENT

Quiz by Khatoon Ahmed Mansoor AL Halwachi

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4 questions
Show answers
  • Q1
    The ----------------- lists the activity in the bank account during the recent month as well as the balance in the bank account.
    Income Statement
    Bank Statement
    General Journal
    Financial Statement
    10s
  • Q2
    The INCOME STATEMENT lists the activity in the bank account during the recent month as well as the balance in the bank account.
    False
    True
    10s
  • Q3
    The balance of a checking account reported on the bank statement always equals the balance in the depositor’s accounting records.
    False
    True
    10s
  • Q4
    we --------- reconcile the two balances and explain or account for any differences between them.
    must not
    must
    10s

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