CBSE Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 1 - MCQExams.com

 Bank statement must tally with the balance of ___________.
  • Sales book
  • Purchase book
  • Cash book
  • Journal proper
Bank Reconciliation Statement is prepared by__________.
  • Trader
  • Bank
  • Employee
  • Student
A bank reconciliation statement is prepared by the _________.
  • Customer of the bank
  • Bank
  • Reserve bank of India
  • Both A & B
Debit balance in cash book means __________.
  • Overdraft as per pass book
  • Overdraft as per cash book
  • Credit balance as per pass book
  • Debit balance as per day book
A bank pass book is a copy of the ____________.
  • Cash column of a customers cash book
  • Bank column of a customers cash book
  • Customer's account in the banks ledger
  • Customer's account in the suppliers ledger
An amount of Rs. 1000 is debited twice in the pass book. When overdraft as per the cash book is the starting point ____________.
  • Rs. 1000 will be deducted
  • Rs. 1000 will be added
  • Rs. 2000 will be deducted
  • Rs. 2000 will be added
 Which is caused by the time gap?
  • Errors committed in recording transactions by the bank.
  • Errors committed in recording transaction by the firm.
  • Cheque issued by the bank but not yet presented for payment.
  • All of the above.
 Difference of cash book & pass book arise because of ____________.
  • Transactions only recorded by bank
  • Due to time gap
  • Error committed in bank & cash book
  • All of the above
Bank Reconciliation statement is ___________.
  • Ledger account
  • Part of the cash book
  • A separate statement
  • A sub division of the journal
The payment side of cashbook is Undercast by Rs 200 when overdraft as per passbook is the starting point ___________.
  • Rs. 200 will be deducted
  • Rs. 200 will be added
  • No effect will be in the pass book
  • None of these
Booklet or a Statement which is used to record the banking transaction is known as __________.
  • Pass book
  • Cash book
  • Bank statement
  • Petty cash book
 The credit balance as per the cash book indicates _________.
  • Cash balance
  • Bank overdraft
  • Bank balance
  • None of the above

Debit balance in the Pass Book means ______________.
    • Favourable balance in the Cash Book
    • Unfavourable balance in the Cash Book
    • Favourable balance in the Pass Book
    • Unfavourable balance in the Pass Book
    A Bank Reconciliation Statement is prepared by ______.
    • Bank
    • Creditors
    • Debtors
    • Business Firm

    A Bank Reconciliation Statement is prepared with the help of _____________.
      • Cash Book
      • Pass Book
      • Either Cash Book or Pass Book
      • Neither Cash Book or Pass Book
      From following which is the way to prepare Bank Reconciliation Statement.
      • Without adjusting cash book balance.
      • Before adjusting cash book balance.
      • Both of the above
      • None of the above
      Pass book is a/an ____________of account holder's transaction with the bank.
      • Extract
      • Estimate
      • Balance
      • Model
      Statement showing the causes of disagreement between the balance of cash book & pass book is known as _____________.
      • Bank Reconciliation Statement
      • Statement of Balance sheet
      • Statement of profit & loss
      • All of the above
      How many ways are there to prepare Bank Reconciliation Statement?
      • Three
      • Two
      • One
      • Five

      When the balance as per Cash Book is the starting point, direct deposit by customer is__________.
        • Added
        • Subtracted
        • Not required to be adjusted
        • Neither of the two
        When money is withdrawn from the bank, the bank_________the account of the customer.
        • Credit
        • Debit
        • Give no effect
        • Make addition to
        A bank reconciliation statement is prepared by_________.
        • Creditors
        • Bank
        • Account holder in a bank
        • Debtors
        If the cash book balance is taken as starting point,the items which make the cash book balance smaller than the pass book must be _____for the purpose of reconciliation.
        • Deducted
        • Added
        • No effect
        • Lower
        Favorable balance as per Cash Book means _________________.
        • Dr. Balance in the Pass Book.
        • Cr.Balance in the Cash Book.
        • Dr.Balance in the bank column of the Cash Book.
        • All the above.
        If the overdraft as per the pass book is taken as the starting point, the cheques issued but not presented are to be______in the bank reconciliation statement.
        • added
        • deducted
        • no effect
        • equated
        When the cheques are not presented for payment. favourable balance as per the cash book is __________than that of the pass book. 
        • equal
        • less
        • more
        • none of the above
        Passbook is a copy of __________ as it appears in the ledger of the bank.
        • Debtor's account
        • Customer's account
        • Creditor's account
        • None of the above
        Normally, the cash book shows a debit balance. Pass book shows_________balance.
        • Credit
        • Debit
        • Nil
        • No effect
        If the pass book shows a favorable balance and if it is taken as the starting point for the purpose of bank reconciliation statement then cheques issued but not presented for payment should be ______to find out cash balance.
        • Added
        • No effect
        • Deducted
        • Increased
        When the pass book balance is taken as the starting point, items which makes the pass book balance ____________ than the balance in the cash book must be deducted for the purpose of reconciliation.
        • lower
        • higher
        • equal
        • None of the above
        0:0:1


        Answered Not Answered Not Visited Correct : 0 Incorrect : 0

        Practice Class 10 Elements Of Book Keeping And Accountancy Quiz Questions and Answers