Bank Reconciliation Statement II (11-20)

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

(a) Industry

(b) Trading

(c) Bank

(d) Manufacturing

Correct! Wrong!

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

(a) DR

(b) CR

(c) Both a & b

(d) None of these

Correct! Wrong!

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

(a) Pay in slip

(b) Deposit Ticket

(c) Both a & b

(d) Signature Card

Correct! Wrong!

14. A dishonored check involves?

(a) Insufficient fund in customer account

(b) When cross check is presented on counter

(c) If payment is stopped by drawer

(d) All of above

Correct! Wrong!

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

(a) Debit & unfavorable

(b) Credit & favorable

(c) Credit & unfavorable

(d) Debit & favorable

Correct! Wrong!

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

(a) One line

(b) Two parallel lines

(c) Three parallel line

(d) none

Correct! Wrong!

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

(a) Overdrafts

(b) Loan

(c) Both a & b

(d) None

Correct! Wrong!

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

(a) Favorable

(b) Unfavorable

(c) Overdraft

(d) None of the given options

Correct! Wrong!

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

(a) Pass book is a copy of customer’s account in bank books

(b) Pass book contain a copy of customer’s current account in cash book

(c) Pass book contains a copy of cash column of customer cash book

(d) Pass book contains a copy of bank column of the customer’s cash book

Correct! Wrong!

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

(a) Overcasting bank column of cash book

(b) Cheque issued but not presented for payment

(c) Cheque deposited but not cleared

(d) Errors in pass book

Correct! Wrong!

Bank Reconciliation Statement II (11-20)

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

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

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

14. A dishonored check involves?

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

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

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

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

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

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

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