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    Martha Anton
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    This document contains an accounting test with questions about updating a cash book, preparing a bank reconciliation, why it is important for a business to compare its cash book to bank statements, why debit entries in a cash book appear as credit entries in a bank statement, and defining the term "outstanding deposits." Students are asked to answer questions about cash book and bank reconciliation activities for a business called Ashlee Solutions for the month of January 2019.

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    This document contains an accounting test with questions about updating a cash book, preparing a bank reconciliation, why it is important for a business to compare its cash book to bank statements, why debit entries in a cash book appear as credit entries in a bank statement, and defining the term "outstanding deposits." Students are asked to answer questions about cash book and bank reconciliation activities for a business called Ashlee Solutions for the month of January 2019.

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    © All Rights Reserved
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    96 views3 pages

    Bank Reconciliation Test

    Uploaded by

    Martha Anton
    This document contains an accounting test with questions about updating a cash book, preparing a bank reconciliation, why it is important for a business to compare its cash book to bank statements, why debit entries in a cash book appear as credit entries in a bank statement, and defining the term "outstanding deposits." Students are asked to answer questions about cash book and bank reconciliation activities for a business called Ashlee Solutions for the month of January 2019.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    GROOTFONTEIN SECONDARY SCHOOL

    ACCOUNTING TEST
    Name…………………………………………………………….. Grade 11……..
    Marks:20

    1. Below are the Cash book and Bank Statement of Ashlee Solutions for the
    month ended January 2019. There was a difference between the balances of
    these two books.

    (a) Update the Cash book of Ashlee Solutions at 31 January 2019 and bring
    down the balance on 1 February 2019.
    (b) Prepare the Bank Reconciliation of Ashlee Solutions at 31 January 2019

    (a) (7)
    (b) (6)

    2. Why is it important to a business to compare the cash book (bank account)


    with the bank statement? (4)
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………….......
    3. Explain why the entries on the debit side of the cash book are appearing on
    the opposite side (credit side) of the bank statement. (2)
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    4. Define the term “Outstanding deposits” (1)
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    …………………………………………………………………………………………
    ………………………………………………………………………………………....

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