12/29/23, 11:51 PM Submissions - Week 05 : Learning Task - Pre - Lecture Assessment (Q4) -

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Week 05 : Learning Task

Accounting and Finance

Pre - Lecture Assessment (Q4)

Submissions
Here are your latest answers:

Question 1
Bank reconciliation description is composed of

Response: Bank Accountant

Correct answer: Business Accountant

Score: 0 out of 1 No

Question 2
On the bank statement, cash deposited by the company is known as

Response: Debit

Correct answer: Credit

Score: 0 out of 1 No

Question 3
An unadjusted balance in a cash book is because of the result of which error?

Response: Unpresented cheques

Correct answer: The omission of Bank charges

Score: 0 out of 1 No

Question 4
What type of cheques is that which is issued by a firm but not yet presented to the bank?

Response: Outstanding cheques

Correct answer: Outstanding cheques

Score: 1 out of 1 Yes

Question 5
In a cash book, bank charges of `5,000 was not recorded. Name the correct cash book adjustment

Response: It will be debited in cash book

Correct answer: It will be credited in cash book

Score: 0 out of 1 No

Question 6
‘NSF’ marked in cheque sent back by the bank indicates

Response: Not sufficient funds

Correct answer: Not sufficient funds

Score: 1 out of 1 Yes

Question 7
In a cash book, the favourable balance indicates

Response: Adjusted Balance

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12/29/23, 11:51 PM Submissions - Week 05 : Learning Task - Pre - Lecture Assessment (Q4) -
Correct answer: Debit Balance

Score: 0 out of 1 No

Question 8
Bank reconciliation statement compares a bank statement with_____________ .

Response: Cashbook

Correct answer: Cashbook

Score: 1 out of 1 Yes

Question 9
Unpresented cheques also referred to as

Response: Outstanding cheques

Correct answer: Outstanding cheques

Score: 1 out of 1 Yes

Question 10
What is “Deposit in transit” in bank reconciliation?

Response: Subtracted From the Cash Book Balance

Correct answer: Added to Bank Balance

Score: 0 out of 1 No

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