MCQ Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 9

Bank balance as per pass book (Cr.) Rs.

5, 090

$5,090$ . A comparison of passbook and cash book revealed the following -
-The bank had directly collected dividend of Rs.

80

$80$ and interest Rs.

60

$60$ .
-As per standing instrcution bank had paid bills of Rs.

400

$400$ .
Balance as per cash book will be ________.

0%
Rs. $5,630$
0%
Rs. $5,350$
0%
Rs. $4,550$
0%
Rs. $4,830$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Bank balance as per pass book (Cr.)	$5090$
Less	Dividend collected directly	$80$
Less	Interest collected directly	$60$
Add	Bills paid as per standing instruction	$400$
	Balance as per cash book (Dr.)	$5350$

If the bookkeeper recorded a bank deposit of Rupees 450, but the bank recorded the deposit at its correct amount of RupeesThe bank reconciliation will require a/an _________.

0%
addition to book balance of cash
0%
deduction to book balance of cash
0%
addition to bank statement balance
0%
deduction to bank statement balance

Explanation

Bank has recorded the deposit amount which was actually paid by the business to the bank i.e

R s .540

$Rs.540$ .

However the bookkeeper has recorded the same at an amount lower than what was actually paid i.e

R s .450

$Rs.450$ .

Hence, to make it correct an addition is required to be done for the differential amount=

R s .540

$Rs.540$ -

R s .450

$Rs.450$ =

R s .90

$Rs.90$ in the bank reconciliation statement.

Bank balance as per cash book (Dr.) of NZ & Co. was Rs.

1, 050

$1,050$
-Bank charges not recorded in cash book was Rs.

180

$180$ .
-Rs.

750

$750$ was directly paid by customer into bank was not recorded in cash book.
-Debit side of cash book was undercast by Rs.

100

$100$
-Cheque deposited for Rs.

700

$700$ was not credited in pass book.
-Out of cheques of Rs.

900

$900$ issued but not presented for payments.
If BRS is prepared after adjusting cash book, balance as per Adjusted Cash book should be Rs.________ and balance as pass book should be Rs.__________

0%
Rs. $1,720$ & Rs. $1,920$
0%
Rs. $1,920$ & Rs. $1,720$
0%
Rs. $2,080$ & Rs. $1,880$
0%
Rs. $1,880$ & Rs. $2,080$

Explanation

The adjusted cash book balance is as follows :

	Particulars	Amount in Rs.
	Bank balance as per cash book (Dr.)	$1050$
Less	Bank charges not recorded in cash book	$180$
Add	Direct payment by customer into bank	$750$
Add	Undercasting of Debit side of cash book	$100$
	Adjusted Bank balance as per cash book (Dr.)	$1720$

The reconciliation is as follows

	Particulars	Amount in Rs.
	Adjusted Bank balance as per cash book (Dr.)	$1720$
Less	Cheque deposited but not credited in pass book	$700$
Add	Cheque issued but not presented for payment	$900$
	Bank balance as per pass book	$1920$

If the bookkeeper recorded a bank deposit of Rupees 450, but the bank recorded the deposit at its correct amount of RupeesThe bank reconciliation will require a/an ______________.

0%
addition per book balance of cash
0%
deduction per book balance of cash
0%
addition per bank statement balance
0%
deduction per bank statement balance

Which of the following item must be recorded in the adjusted Cash Book in order to bring it in line with the entries in the Bank Statement?

0%
Bank charges
0%
An error on the Bank Statement
0%
An uncredited deposit
0%
An unpresented cheque

A company had entered in hire purchase agreement and had to pay Rs 1000 per month. Three payment were accounted for in the pass book but no entry was found in cash book. ldentify the correct adjustment in cash book.

0%
Rs 1000 will be added to cash book balance.
0%
Rs 2000 will be deducted from cash book balance.
0%
Rs 3000 will be added to cash book balance.
0%
Rs 3000 will be subtracted from cash book balance.

Explanation

In the present case the payments made as per hire purchase agreement were accounted for in the pass book but not in the cash book due to which the pass book balance would be lower.

So, the proper adjustment would be to subtract

R s . 3000

$Rs. 3000$ from the cash book balance.

31

$31$ st March,

2012

$2012$ the pass book of Z showed a credit balance of Rs.

2, 16, 000

$2,16,000$ . A comparison of pass book and cash book revealed the following:
-Cheques deposited but not cleared

1, 08, 150

$1,08,150$ by

31

$31$ st March .
-Cheques issued by Z but not

26, 000

$26,000$ presented for payment before

1

$1$ st April,

2012

$2012$ .
Balance as per cash book will be ___________.

0%
Rs. $81,850$
0%
Rs. $1,33,850$
0%
Rs. $2,98,150$
0%
Rs. $3,50,150$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Credit balance as per pass book	$216000$
Add	Cheque deposited but not cleared	$108150$
Less	Cheque issued but not presented for payment	$26000$
	Debit balance as per cash book	$298150$

30

$30$ th September overdraft as per pass book of S LTd. was Rs.

32, 400

$32,400$ . The bank had directly collected dividend of other companies Rs.

1, 750

$1,750$ and interest Rs.

1, 200

$1,200$ . As per standing instruction bank had paid bills of Rs.

2, 454,

$2,454,$ . Cheque deposited for Rs.

8, 929.60

$8,929.60$ was not credited in pass book. Balance as per cash book should be __________.

0%
Overdraft of Rs. $23,966.40$
0%
Overdraft of Rs. $46,733.60$
0%
Overdraft of Rs. $40,833.60$
0%
Overdraft of Rs. $18,066.40$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per pass book	$32400$
Add	Dividend directly collected by bank	$1750$
Add	Interest directly collected by bank	$1200$
Less	Bills paid by bank as per standing instruction	$2454$
Less	Cheque deposited but not credited in pass book	$8929.60$
	Overdraft as per cash book	$23966.4$

30

$30$ th September overdraft as per cash book of Z Ltd. was Rs.

81, 000

$81,000$ . The bank had directly collected dividend of other companies Rs.

4, 375

$4,375$ and interest Rs.

3, 000

$3,000$ . As per standing instruction bank had paid bills of Rs.

6, 135

$6,135$ . Cheque deposited for Rs.

22, 324

$22,324$ was not credited in pass book. With the help of above information balance as per pass book should be ____________.

0%
overdraft of Rs. $59,916$
0%
overdraft of Rs. $1,16,834$
0%
overdraft of Rs. $1,02,084$
0%
overdraft of Rs. $45,166$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per cash book	$81000$
Less	Dividend directly collected by bank	$4375$
Less	Interest directly collected by bank	$3000$
Add	Bills directly paid by bank as per standing instruction	$6135$
Add	Cheque deposited but not credited in cash book	$22324$
	Overdraft as per pass book	$102084$

31

$31$ st December overdraft as per cash book - Rs.

16, 200

$16,200$ . A comparison of pass book and cash book revelead the following:
-Cheques deposited for Rs.

700

$700$ was not credited in pass book.
-Out of cheques of Rs.

900

$900$ issued, only cheques amounting to Rs.

825

$825$ were presented for payments.
Overdraft as per pass book will be _____________.

0%
Rs. $15,425$
0%
Rs. $16,975$
0%
Rs. $16,825$
0%
Rs. $15,575$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs
	Overdraft as per cash book as on 31 st December	$16200$
Add	Cheque deposited but not credited	$700$
Less	Cheque issued but not presented for payment	$75$
	Overdraft as per pass book as on 31 st December	$16825$

31

$31$ st December overdraft as per pass book-Rs.

19, 440

$19,440$ . A comparison of pass book and cash book revealed the following:
-Cheque deposited for Rs.

840

$840$ was not credited in pass book.
-Out of cheques of Rs.

1, 080

$1,080$ issued, only cheques amounting to Rs.

990

$990$ were presented for payments.
Overdraft as per cash book will be __________.

0%
Rs. $18,510$
0%
Rs. $20,370$
0%
Rs. $20,190$
0%
Rs. $18,690$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per pass book	$19440$
Less	Cheque deposited but not credited in pass book	$840$
Add	Cheque issued but not presented for payment	$90$
	Overdraft as per cash book	$18690$

31

$31$ st March

2012

$2012$ , bank balance as per pass book (Cr.) Rs.

20, 000

$20,000$ . A comparison of pass book and cash book revealed the following:
- Cheques deposited for Rs.

20, 000

$20,000$ out of these cheques bank had credited cheques of Rs.

5, 000

$5,000$ .
- Bank charges Rs.

100

$100$ was not entered in cash books.
Balance as per cash book will be _________ .

0%
Rs. $40,100$
0%
Rs. $35,100$
0%
Rs. $(100)$
0%
Rs. $4,900$

Explanation

The reconciliation is as follows

	Particulars	Amount in Rs.
	Balance as per pass book (Cr.)	$20000$
Add	Cheques deposited but not credited by bank	$15000$
Add	Bank charges not entered in cash book	$100$
	Balance as per cash book (Dr.)	$35100$

31

$31$ st December overdraft as per cash book- Rs.

16, 200

$16,200$ . A comparison of pass book and cash book revealed the following:
- Cheque deposited for Rs.

700

$700$ was not credited in pass book.
- Out of cheques of Rs.

900

$900$ issued only cheques amounting to Rs.

825

$825$ were presented for payments.
Overdraft as per pass book will be _______ .

0%
Rs. $15,425$
0%
Rs. $16,975$
0%
Rs. $16,825$
0%
Rs. $15,575$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per cash book	$16200$
Add	Cheque deposited but not credited in pass book	$700$
Less	Cheques issued but not presented for payment	$75$
	Overdraft as per pass book	$16825$

Bank balance as per pass book (Cr.) Rs.

76, 350

$76,350$ . A comparison of pass book and cash book revealed the following:
-Bank charges Rs.

600

$600$ was not entered in cash books.
- Cheques amounting to Rs.

750

$750$ has been dishonoured but not recorded in cash book.
Balance as per cash book will be _________ .

0%
Rs. $75,000$
0%
Rs. $77,700$
0%
Rs. $76,500$
0%
Rs. $76,200$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Balance as per pass book	$76350$
Add	Bank charges not entered in cash book	$600$
Add	Cheque dishonoured but not recorded in cash book	$750$
	Balance as per cash book	$77700$

The pass book of N Ltd. showed credit balance of Rs.

9, 000

$9,000$ . A comparison of pass book and cash book revealed the following:
- Cheques amounting to Rs.

375

$375$ has been dishonoured but not recorded in cash book.
- Total of credit column of cash book was under cast by Rs.

712.50

$712.50$ .
Balance as per cash book will be __________ .

0%
Rs. $9337.50$
0%
Rs. $8,662.50$
0%
Rs. $10,087.50$
0%
Rs. $7,912.50$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Balance as per pass book (Cr.)	$9000$
Add	Cheques dishonoured but not recorded in cash book	$375$
Add	Total of credit column of cash book being under cast	$712.5$
	Balance as per cash book (Dr.)	$10087.5$

31

$31$ st March

2012

$2012$ bank balance as per cash book (Dr.) Rs.

10, 000

$10,000$ . A comparison of pass book and cash book revealed the following:
- Cheques deposited for Rs.

10, 000

$10,000$ out of these cheques bank had credited cheques of Rs.

2, 500

$2,500$ .
- Bank charges Rs.

50

$50$ was not entered in cash books.
Balance as per pass book will be ________ .

0%
Rs. $20,050$
0%
Rs. $17,550$
0%
Rs. $(50)$
0%
Rs. $2,450$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Balance as per cash book (Dr.)	$10000$
Less	Cheque deposited but not credited	$7500$
Less	Bank charges not entered in cash book	$50$
	Balance as per pass book (Cr.)	$2450$

From the following information calculate balance as cash book.

Balance as per pass book (Cr.)
Cash deposited in bank for Rs.

100

$100$ entered in cash book as
Direct deposit by customer in bank account not entered in cash book
Bank charges not recorded in cash book
Standing order payment

1, 520

$1,520$

72

$72$

1, 200

$1,200$

16

$16$

24

$24$

0%
Rs. $352$
0%
Rs. $384$
0%
Rs. $2,732$
0%
Rs. $208$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Balance as per pass book (Cr.)	$1520$
Less	Cash deposited and entered less in the cash book	$28$
Add	Direct transfer to bank account not entered in cash book	$1200$
Add	Bank charges not recorded in cash book	$16$
Add	Standing order payment	$24$
	Balance as per cash book (Dr.)	$2732$

Bank balance as per pass book (Cr.) Rs.

40, 000

$40,000$ . A comparison of pass book and cash book revealed the following:
- Rs.

2, 360

$2,360$ was wrongly debited by bank.
- Transfer by bank to another account with no advice Rs.

10, 000

$10,000$ .
Balance as per cash book will be _______ .

0%
Rs. $52,360$
0%
Rs. $27,640$
0%
Rs. $32,360$
0%
Rs. $47,640$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Balance as per pass book (Cr.)	$40000$
Add	Wrong debit by bank	$2360$
Add	transfer to another account without any advice	$10000$
	Balance as per cash book (Dr.)	$52360$

31

$31$ st December overdraft as per pass book Rs.

19, 440

$19,440$ . A comparison of pass book and cash book revealed the following:
- Cheque deposited for Rs.

840

$840$ was not credited in pass book.
- Out of cheques of Rs.

1, 080

$1,080$ issued only cheques amounting to Rs.

990

$990$ were presented for payments.
Overdraft as per cash book will be __________ .

0%
Rs. $18,510$
0%
Rs. $20,370$
0%
Rs. $20,190$
0%
Rs. $18,690$

Explanation

the reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per pass book	$19440$
Less	Cheque deposited but not credited in pass book	$840$
Add	Cheque issued but not presented for payment	$90$
	Overdraft as per cash book	$18690$

Bank collected dividend of Rs.

25, 000

$25,000$ on behalf of customer which was not recorded in cash book.
In respect the given transaction which of the following treatment is correct for preparation of bank reconciliation statement?
(I) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then Rs.

25, 000

$25,000$ will be subtracted.
(II) If BRS is prepared with adjusting cash book then Rs.

$25,000$ will be debited to the adjusted cash book.
(III) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then Rs.

$25,000$ will be added.
(IV) If BRS is prepared with adjusting cash book then Rs.

$25,000$ will be credited to the adjusted cash book.
The correct answer is?

0%
(I) only is correct
0%
(II) only is correct
0%
(I) & (IV) are correct
0%
(II) & (III) is correct

$31$ st December bank balance as per cash book (Dr.) Rs.

$25,450$ . A comparison of pass book and cash book revealed the following:
- Cheque deposited for Rs.

$500$ was not credited in pass book.
- Out of cheques of Rs.

$5,000$ issued only cheques amounting to Rs.

$3,750$ were presented for payments.
Balance as per pass book will be___________ .

0%
Rs. $27,200$
0%
Rs. $23,700$
0%
Rs. $24,700$
0%
Rs. $26,200$

Explanation

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Bank balance as per cash book (Dr.)	$25450$
Less	Cheque deposited but not credited in pass book	$500$
Add	Cheque drawn but not presented for payment	$1250$
	Balance as per pass book (Cr.)	$26200$

Bank balance as per cash book

$(Dr.) Rs.25,450$ . A comparison of passbook and cashbook revealed the following:
Bank charges

$Rs.200$ was not entered in cash book.
Cheques amounting to

$Rs.250$ has been dishonoured but not recorded in cash book.
Balance as per pass book will be _________.

0%
$Rs.25,000$
0%
$Rs.25,900$
0%
$Rs.25,500$
0%
$Rs.25,400$

Explanation

Particulars Rs.

Balance as per cash book (Dr.)

$25450$

Less: Bank charges not entered in cash book

$(200)$

Less: Cheques dishonored but not recorded in cash book

$(250)$

--------------------

Balance as per pass book (Cr.)

$25000$

Bank charges amounting to

$Rs.5,000$ was not entered in the cash book. Identify the correct adjustment in cash book ___________.

0%
bank charges will be debited in cash book
0%
bank charges will be added to cash book balance
0%
bank charges will be credited in cash book
0%
bank charges need no adjustment in cash book

CBSE Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 9 - MCQExams.com

0:0:3

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

CBSE Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 9 - MCQExams.com

0:0:3

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

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