AI Bank Reconciliation Quiz

Answers and explanations appear as you take the quiz.

1. A payment processor deposits one net payout covering hundreds of sales minus fees. What kind of match is this?
   • A one-to-one exact match
   • A deposit in transit
   • One bank line matched to many ledger lines
   • An outstanding check
2. Why does fuzzy matching allow dates within a window?
   • To allow for clearing delays between recording a transaction and the bank posting it
   • To skip weekend transactions
   • To change the ledger date to match the bank
   • To group transactions by month for tax purposes
3. Which computational problem is many-to-one matching a version of?
   • Sorting
   • Shortest path
   • Linear regression
   • Subset-sum
4. What risk comes from setting the amount tolerance too loose?
   • No transactions will ever match
   • It can pair nearly equal amounts and bury a real discrepancy
   • It deletes recorded bank fees
   • It forces every item into the exceptions queue
5. A customer pays $5,000 against a $12,000 invoice. How should the reconciliation tool handle it?
   • Reject the deposit as an error
   • Match it and close the invoice
   • Match it as a partial payment and leave $7,000 open
   • Record it as a bank fee
6. Why is a high auto-match rate not proof that the reconciliation is complete?
   • Unmatched items and low-confidence matches are where errors and fraud appear, and a wrong auto-match can hide a problem
   • The bank always reverses auto-matches
   • Every item must be matched by hand
   • Auto-match rates are never reported
7. How do tools narrow candidates before searching for ledger items that add up to a bank amount?
   • By matching only round numbers
   • By ignoring the counterparty
   • By sorting entries alphabetically
   • By filtering on counterparty, date window and open status
8. Which control does the guide recommend for auto-match rules?
   • Letting the rule's creator approve it
   • Having someone other than the creator review the rules
   • Turning off the audit trail for speed
   • Changing tolerances every day