• 1. 
    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?

  • As an uncredited deposits added to the bank statement balance
  • As an uncredited deposits deducted from the bank statement balance
  • As an Unpresented check added to the bank statement balance
  • As an Unpresented check deducted from the bank statement balance
  • 2. 
    A bank reconciliation statement is prepared by?

  • Internal auditor
  • Business accountant
  • Businessman
  • All of These
  • 3. 
    Which of the following items is not a reason for difference between bank balance as per cash book and pass book?

  • Dishonored check
  • Cheques deposited but not yet cleared
  • Credit sales
  • Cheques issued but not yet presented for payment
  • 4. 
    Credit balance in bank pass book means?

  • Bank overdraft
  • Bank balance
  • Balance as per cash book
  • None
  • 5. 
    A check that bears a date latter than date of issue is called?

  • Anti dated check
  • Post-dated check
  • Dishonored check
  • Outdated check
  • 6. 
    The main function of a commercial bank is to?

  • Barrow and lend money
  • Only barrow money
  • Only lend money
  • None of theses
  • 7. 
    When a cheque is returned by the bank showing some technical reason is known as?

  • Honor of the cheque
  • Balance of account
  • Dishonor of the cheque
  • None of these
  • 8. 
    The outstanding check is the missing entry of?

  • Cash book
  • Passbook
  • both
  • None
  • 9. 
    Directly collections of bank are to be ___________ in cash book?

  • Dr
  • Cr
  • both
  • None
  • 10. 
    The cheque which is issued to creditor but is not presented for payment is called?

  • Uncredited cheque
  • Outstanding cheque
  • Omitted cheque
  • Dishonored cheque
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