11th Grade > Accountancy
BANK RECONCILIATION STATEMENT MCQs
Total Questions : 30
| Page 1 of 3 pages
Answer: Option B. -> Rs 3,650
:
B
3,700+1,800-2,000+150=3,650
:
B
3,700+1,800-2,000+150=3,650
Answer: Option B. -> No
:
B
Balance as per pass book shall be less than the balance as per cash book.
:
B
Balance as per pass book shall be less than the balance as per cash book.
Answer: Option D. -> It shall become a dishonored cheque
:
D
In the given situation when bank did not have sufficient balance, then the cheque shall become a dishonored cheque.
:
D
In the given situation when bank did not have sufficient balance, then the cheque shall become a dishonored cheque.
Answer: Option D. -> All of the above
:
D
All of the above are taken into consideration while adjusting the cash book in reconciliation.
:
D
All of the above are taken into consideration while adjusting the cash book in reconciliation.
Answer: Option B. -> debit balance in pass book
:
B
Unfavourable bank balance means debit balance in pass book i.e overdraft balance
:
B
Unfavourable bank balance means debit balance in pass book i.e overdraft balance
Answer: Option A. -> Subtracted
:
A
The cheques issued but not presented is added to overdraft balance of passbook.
:
A
The cheques issued but not presented is added to overdraft balance of passbook.
Question 7. Mr. X issued cheques worth 15,000 in March 2018 out of which cheques worth 10,000 only were presented for payment by 31st March, 2018. While reconciliation bank and cash book balance as on 31st March, 2018, what amount should be added to balance as per cash book to arrive at balance as per pass book?
Answer: Option A. -> Rs 5,000
:
A
Cheques worth Rs 5,000 are not appearing in bank statement & hence it shall be added to cash book balance.
:
A
Cheques worth Rs 5,000 are not appearing in bank statement & hence it shall be added to cash book balance.
Answer: Option C. -> Cheques issued & cleared
:
C
Cheques that have been issued & cleared shall not make any difference.
:
C
Cheques that have been issued & cleared shall not make any difference.
Answer: Option A. -> Unpresented cheques
:
A
Cheques issued to suppliers and not presented by them to bank is referred to as unpresented cheques.
:
A
Cheques issued to suppliers and not presented by them to bank is referred to as unpresented cheques.
Question 10. Cheque paid into bank were of Rs 25,000 but the cheque of Rs 10,000 were cleared & credited in our account by bankers which was evident from the bank statement received on the last day of the month. If closing balance as per cash book is Rs 50,000, what will be the balance after the above situation?
Answer: Option B. -> Rs 35,000
:
B
The balance of cash book after above transaction shall be Rs 50,000 - Rs 15,000 = Rs 35,000.
:
B
The balance of cash book after above transaction shall be Rs 50,000 - Rs 15,000 = Rs 35,000.