Bank Reconciliation Statement MCQs 2
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MCQs 1 To 10
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1. The main function of a commercial bank is to?
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2. When a cheque is returned by the bank showing some technical reason is known as?
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3. The outstanding check is the missing entry of?
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4. Directly collections of bank are to be ___________ in cash book?
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5. The cheque which is issued to creditor but is not presented for payment is called?
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6. Farkhanda Jabeen Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?
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7. A bank reconciliation statement is prepared by?
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8. Which of the following items is not a reason for difference between bank balance as per cash book and pass book?
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9. Credit balance in bank pass book means?
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10. A check that bears a date latter than date of issue is called?
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Bank Reconciliation Statement II (1-10)
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MCQs 11 To 20
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11. An institutions deal in money’s buying and selling is called?
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12. The debit side of cash book =____________ side of passbook?
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13. Modern Banks provide depositors printed forms to use for details of items being deposited is?
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14. A dishonored check involves?
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15. In case of bank statement if balance is overdraft?
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16. A check may be crossed by drawing _________________ on the face of its?
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17. Bank lends money to the customer by following ways?
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18. If bank statement shows a credit balance, it means __________balance for bank book?
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19. Which of these statements is true about a bank pass book?
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20. Which one of these will require adjustment of cash book balance?
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Bank Reconciliation Statement II (11-20)
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Related Questions
Bank Reconciliation Examples
Related Problems
Bank Reconciliation Exam Questions
Bank Reconciliation Exercises
References
Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.
Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.
Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.
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