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Financial Literacy Lesson 3-2 (worksheet 3-3) Flashcards | StudBud
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Financial Literacy Lesson 3-2 (worksheet 3-3)
Financial Literacy Lesson 3-2 (worksheet 3-3)
13 terms
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StudBud Administration
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(worksheet 3-3)
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
Does the account reconcile?
NO
What does that mean?
YES!
Uh.....
2
What was your ending balance from your register?
$448.65
$238.91
$449.78
$1508.69
3
A balanced check book is
one that can be reconciled with the bank statement.
Is one that eats 3 good meals a day.
one that can stand on it's edge.
one that always has plenty of money in it.
4
What is the ending balance on the bank statement?
$700
$1,434.19
$89
$2045.19
5
What was your balance in your check register at the end of the day on October 10th?
$180.96
$598.65
$485.46
$1006.76
6
What is the total of the outstanding deposits?
$89
$2045.19
$1,434.19
$700
7
What is the total of the outstanding withdrawls?
$89
$1,434.19
$700
$2045.19
8
Your bank statement balance should always match your check register.
True
False
9
Did your check register RECONCILE with your bank statement?
NO :(
YES!
10
What is the balance of the check register?
$700
$89
$2045.19
$1,434.19
11
A voided check
has to be sent to the bank.
is one that has already been cashed.
is a duplicate.
will not show up on a bank statement.
12
What is the revised statement balance?
$1,434.19
$2045.19
$700
$89
13
An outstanding check is a really big one!!
False
True
