Bank And Income Statements Question Preview (ID: 59354)


Personal Finance. TEACHERS: click here for quick copy question ID numbers.

What are the most common transactions that appear on a bank statement?
a) Income
b) Deposits and Withdrawls
c) Interest Rates
d) Debts

A statement that compares revenues to expenses and presents the net income (or loss) from a period of time.
a) Income statement
b) Paycheck
c) Direct Deposit
d) Bill

What is a balance sheet?
a) Income Statement
b) Direct Deposit Statement
c) Statement that balances assets to liabilities and equity
d) List of outstanding debts

A budget is an Emergency Fund
a) True
b) False
c)
d)

The account holder's Social Security Number will appear on their bank statement.
a) True
b) False
c) Only the last 4 digits
d) Only if the opt it to

The money subtracted from an account is a ________.
a) Withdrawl
b) Deposit
c) Transfer
d) Reconciliation

Money moved from one account to another is called...
a) Withdrawl
b) Deposit
c) Transfer
d) Reconciliation

a statement that balances assets to liabilities and equity.
a) Withdrawl
b) Deposit
c) Transfer
d) Reconciliation

Anything of value owned by a company or corporation is an _____.
a) Asset
b) Liability
c) Good
d) Balance Sheet

After you withdraw from your account,
a) There is more money.
b) There is the same amount of money.
c) There is less money.
d) The account is closed.

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