CBSE  /  Class 11  /  Accountancy  /  Bank Reconciliation Statement

  • 1. 
    When check is not paid by the bank, it is called?

  • Honored
  • Endorsed
  • Dishonored
  • a & b

  • 2. 
    A bank reconciliation statement is prepared by?

  • Banker
  • Accountant of the business
  • Auditors
  • Registrar

  • 3. 
    Bank reconciliation is not a?

  • Reconcile records
  • Memorandum statement
  • Ledger account
  • Procedure to provide cash book adjustments

  • 4. 
    The balance on the debit side of the bank column of cash book indicates?

  • The total amount has drawn from the bank
  • Cash at bank
  • The total amount overdraft in the bank
  • None of above

  • 5. 
    Bank statement also called?

  • Pass book
  • Cash book
  • Credit book
  • Debit book

  • 6. 
    The main purpose of preparing a bank reconciliation statement is?

  • To know the bank balance
  • To know the balance of bank statement
  • To correct the cash book
  • To identify causes of difference between cash book and bank statement

  • 7. 
    Bank reconciliation statement is?

  • Part of bank statement
  • Part of the cash book
  • A separate statement
  • a sub-division of journal

  • 8. 
    Uncollected checks are also known as?

  • Outstanding checks
  • Uncleared checks
  • Outstation checks
  • Both b & c

  • 9. 
    Favorable balance means?

  • Credit balance in the cash book
  • Credit balance in Bank statement
  • Debit balance in cash book
  • both b and c

  • 10. 
    Unfavorable balance means?

  • Credit balance in the cash book
  • Credit balance in Bank statement
  • Debit balance in cash book
  • Debit balance in petty cash book
Report Question
warning
Practice More On Bank Reconciliation Statement
Quiz 1 Quiz 2 Quiz 3
access_time
  Time