Question 3:

A bank reconciliation statement is only prepared at the end of the financial year?

A. True

B. False

.

.

The items that are recorded on the bank reconciliation statement are those that cause a difference in the balance of the cashbook and the bank statement.

A. True

B. False

.

.

A bank reconciliation statement can only be started with the cashbook balance.

A. True

B. False

.

.

When a cheque is not paid by the bank, it is called?

A. Honoured

B. Endorsed

C. Dishonoured

D. None of the above

.

.

When a bank account balance increases, it is debited on the _______ and credited on

the _______?

A. Bank statement, cashbook

B. Cashbook, bank statement

C. None of the above

.

.

Any decrease in the bank balance is recorded on the _______ side of the cashbook and on the _______ column of the bank statement?

A. Debit, credit

B. Credit, debit

C. None of the above

D. All of the above