Accounting Chapter 11
Authored by Scott Hingle
Business
11th - 12th Grade
Used 23+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A check should be written before the check stub is filled out.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ending balance on the bank statement seldom agrees with the balance in the checkbook.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A stop payment order and voiding the check mean the same thing.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Check written in pencil are acceptable.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prompt reconciliation of the bank statement is a good way to guard against disorderly cash records or cash loss.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person who signs the checks?
drawer
drawee
ATM
date
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A check returned to the depositor by the bank because there is not enough funds in the account?
check
NSF check
drawer
drawee
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