Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a deposit in transit?
💡 Hint: Think of deposits made recently that aren't on the bank's side yet.
Question 2
Easy
Define outstanding checks.
💡 Hint: Consider checks given out to suppliers that have not been cashed.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a primary reason for discrepancies in bank reconciliation?
- Outstanding Checks
- Accurate Records
- Perfect Timing
💡 Hint: Think about what affects cash availability in the bank.
Question 2
True or False: Deposits in transit can create discrepancies in bank reconciliation.
- True
- False
💡 Hint: Recall the timing of deposit processing by banks.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has a cash book showing ₹10,000 and its bank statement shows ₹8,000. There are ₹3,000 in deposits that the bank hasn’t recorded and ₹2,000 in outstanding checks. What is the correct balance?
💡 Hint: Ensure you adjust for deposits and checks.
Question 2
During reconciliation, you notice that a ₹500 bank charge was not recorded. If your cash book indicates ₹7,500 before this charge, what is the new balance after the adjustment?
💡 Hint: Keep track of all fees that might affect your balance.
Challenge and get performance evaluation