Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Checking
Test Description: Topics Include: endorsing checks, basic reconciliation information, and register information
Instructions: Answer all questions to get your test result.
1) Which is the FIRST step in opening a checking account?
A
Completing a bank reconciliation
B
Ordering a set of checks
C
Receiving the first cancelled check
D
Complete an application
2) Maria prefers an endorsement that will make sure checks are used for deposits only to her business account. Which type of endorsement is preferred?
A
Non-endorsement
B
Blank endorsement
C
Full endorsement
D
Restrictive endorsement
3) James received a $100 check. He wants to endorse this check over to Steve. Which type of endorsement should James use?
A
Restrictive
B
Non-endorsement
C
Blank
D
Full
4) Phil is writing a personal check and just completed writing the amount of the check in words. What should Phil do NEXT?
A
Write the payee's name
B
Sign the check
C
Write in the purpose of the check
D
Write in the numerical amount of the check
5) Which is the FIRST step in the check writing process?
A
Writing the purpose of the check
B
Writing the drawer's signature
C
Writing the appropriate information in the check register
D
Writing the payee's name
6) It is important to keep a check register for the following reasons EXCEPT
A
Know what you current balance
B
Don't have to reconcile your account
C
To stay organized
D
Keep a record of your checks
7) It is important to reconcile your account for the following reasons EXCEPT
A
To make sure your that the ending bank balance is the same as your register balance
B
To make sure a check has cleared
C
To keep track of your spending
D
To fill in any missing transaction in you register
8) Anyone may cash a check that has which endorsement?
A
Special
B
Full
C
Restrictive
D
Blank
9) The amount of a check recorded in the register should be:
A
Added to the previous balance.
B
Multiplied by the previous balance.
C
Divided by the previous balance
D
Subtracted from the previous balance
10) Stephanie has endorsed a check by writing PAY TO THE ORDER OF and then another persons name below it. This is a
A
special endorsement
B
restrictive endorsement
C
full endorsement
D
blank endorsement
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?