Bank Reconciliation Statement



MCQs 1 To 10

 

1. The main function of a commercial bank is to?

Correct! Wrong!

2. When a cheque is returned by the bank showing some technical reason is known as?

Correct! Wrong!

3. The outstanding check is the missing entry of?

Correct! Wrong!

4. Directly collections of bank are to be ___________ in cash book?

Correct! Wrong!

5. The cheque which is issued to creditor but is not presented for payment is called?

Correct! Wrong!

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?

Correct! Wrong!

7. A bank reconciliation statement is prepared by?

Correct! Wrong!

8. Which of the following items is not a reason for difference between bank balance as per cash book and pass book?

Correct! Wrong!

9. Credit balance in bank pass book means?

Correct! Wrong!

10. A check that bears a date latter than date of issue is called?

Correct! Wrong!

Bank Reconciliation Statement II (1-10)
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MCQs 11 To 20

 

11. An institutions deal in money’s buying and selling is called?

Correct! Wrong!

12. The debit side of cash book =____________ side of passbook?

Correct! Wrong!

13. Modern Banks provide depositors printed forms to use for details of items being deposited is?

Correct! Wrong!

14. A dishonored check involves?

Correct! Wrong!

15. In case of bank statement if balance is overdraft?

Correct! Wrong!

16. A check may be crossed by drawing _________________ on the face of its?

Correct! Wrong!

17. Bank lends money to the customer by following ways?

Correct! Wrong!

18. If bank statement shows a credit balance, it means __________balance for bank book?

Correct! Wrong!

19. Which of these statements is true about a bank pass book?

Correct! Wrong!

20. Which one of these will require adjustment of cash book balance?

Correct! Wrong!

Bank Reconciliation Statement II (11-20)
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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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