Objective type question, Cost Accounting

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1. The bank added another company's deposit to our account. This would be included on the bank reconciliation as a(n).
a) addition to the balance per books.
b) subtraction from the balance per books.
c) addition to the balance per bank.
d) subtraction from the balance per bank.

2. The bank charged another company's check against our account, this would be included on the bank reconciliation as a(n)
a) addition to the balance per books.
b) subtraction from the balance per books.
c) addition to the balance per bank.
d) subtraction from the balance per bank.

3. An error, on the company's books, in recording a $82 deposit as $28 would be included on the bank reconciliation as a(n)
a) addition to the balance per bank.
b) subtraction from the balance per bank.
c) addition to the balance per books
d) subtraction from the balance per books.

4. Calculate, from the following information accumulated by Sandra Johnson, the adjusted cash balance at the end of April.
Bank statement ending cash balance $2,000
General ledger cash balance ending $3,250
Bank monthly service charge $45
Deposit in transit $ 2500
Outstanding checks $ 1,500
NFS check returned with bank statement $205

a) $3,000
b) $4,250
c) $4,000
d) $5,500

5. Information to calculate the adjusted cash balance for Sam's Gift Wrapping is as follows:
Cash balance per general ledger $2,100
Customer's check returned-- NSF $75
Bank service charges $ 40
Deposits in transit $ 500
Outstanding checks $ 700
Customer's note collected by bank $ 645

a) $2,330
b) $2,430
c) $2,630
d) $2,230

 


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