CBSE Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 3 - MCQExams.com

A bank reconciliation is prepared by the ___________.
  • Bank
  • Creditors
  • Business Entity
  • Supplier
A copy of customer's account in the ledger of the bank is called __________.
  • Pass Book
  • Cash Book
  • Advice
  • Balance Statement
Normally the reconciliation statement is prepared at the end of _____________.
  • a day
  • week
  • year
  • a month
Credit balance in the pass book represents _________.
  • Overdraft
  • Bank Balance
  • Loan Borrowed
  • Nil balance
Entry in debit side of bank pass book implies ____________.
  • Cash withdrawn
  • Cash/ cheque deposited in Bank
  • Business Receipts
  • Personal Receipts
Credit entry in pass book at any point of time means ___________.
  • Amount withdrawn from customers a/c
  • Amount deposited in customer a/c
  • Both A and B
  • None of these
Bank reconciliation is prepared by _________.
  • Sole Proprietor concern
  • Partnership firm
  • Corporate bodies
  • All the three
Debit entry in pass book at any point of time means _________.
  • Amount deposited by the customer
  • Amount withdrawn by the customer
  • Amount deposited in customers a/c
  • Amount withdrawn/ deducted from customers a/c
Debit balance as per pass book means ____________.
  • Bank Overdraft
  • Debit Balance in Pass Book
  • Cash Balance with Bank
  • None of these
Credit balance in bank pass book means ________.
  • bank overdraft
  • bank Balance
  • balance as per Cash book
  • total of bank A/c
Which of these will require adjustment of cash book balance?
  • Overcasting bank column of cash book
  • Cheque issued but not presented for payment
  • Cheque deposited but not cleared
  • Errors in Pass book
An amount of $$Rs. 2,500$$ is debited twice in the bank column of cash book. When credit balance as per pass book is the starting point which one of these adjustments would be done at the time of reconciliation?
  • Add $$Rs. 2,500$$ to balance as per pass book
  • Deduct $$Rs. 2,500$$ to balance as per pass book
  • Add $$Rs. 5,000$$ to balance as per pass book
  • Deduct $$Rs. 5,000$$ to balance as per pass book
Entry on credit side of bank pass book implies ___________.
  • cash withdrawn
  • cash/cheque deposited in bank
  • business expenses
  • personal expenses
Bank reconciliation statement is prepared to _________.
  • Reconcile bank balance as per pass book with balance as per cash book
  • reconcile petty cash in hand with cash balance as per cash book
  • reconcile total of debit side of cash book with credit side of bank pass book
  • All the three
Unfavourable balance as per bank pass book means ___________.
  • bank overdraft
  • debit balance in pass book
  • debit balance in cash book
  • both A and B
Which of these statement is false?
  • Bank Reconciliation statement makes use of cash book.
  • Bank Reconciliation statement is a memorandum statement.
  • Bank Reconciliation statement is a part of Balance sheet.
  • Bank Reconciliation statement is prepared to reconcile Cash at bank with Balance as per Bank pass book.
Bank column of cash book showed bank balance of $$Rs. 8750$$. While reconciling the bank balance it was noticed that bank column of cash book was undercast by $$Rs. 90$$, bank draft charges of $$Rs. 50$$ and Telephone charges of $$Rs. 550$$ paid by the bank directly as per standing instruction were not accounted for in the Cash book. Find the adjusted balance of cash as per cash book.
  • $$9000$$
  • $$8240$$
  • $$8600$$
  • $$8890$$
A cheque of $$Rs. 5000$$ in favour of Mr. X was wrongly credited by the bank in Mrs. X a/c as $$Rs. 550$$. While reconciling the bank balance of Mr. X, bank balance as per bank pass book will be _________.
  • short by $$Rs. 5000$$
  • more by $$Rs. 5000$$
  • short by $$Rs. 550$$
  • more by $$Rs. 550$$
Cash receipt of $$Rs. 5100$$ was wrongly posted to bank column of cash book as $$Rs. 510$$. Bank balance as per cash book will be ________.
  • more by $$Rs. 510$$
  • more by $$Rs. 5100$$
  • less by $$Rs. 510$$
  • $$Rs. 5100$$
A cheque of $$Rs. 5000$$ in favour of Mr. X was wrongly credited by the bank in Mrs. X a/c as $$Rs. 550$$. While reconciling the bank balance of Mr. X, bank balance as per cash book will be __________.
  • Short by $$Rs. 5000$$
  • More by $$Rs. 5000$$
  • Short by $$Rs. 550$$
  • More by $$Rs. 550$$
Cash receipt of $$Rs. 5100$$ was wrongly posted to credit side bank column of cash book as $$Rs. 510$$. bank balance as per cash book will be ________.
  • More by $$Rs. 510$$
  • More by $$Rs. 5100$$
  • Less by $$Rs. 510$$
  • $$Rs. 5100$$
If we take balance as per cash book, _________ will be added to get balance as per pass book.
  • interest given by bank
  • interest charged by bank
  • cheque deposited but not cleared
  • payments made by the bank as per standing instructions
Which of these statements is true about a bank pass book?
  • Pass book contains a copy of bank column of the customer's cash book
  • Pass book is a copy of customer's account in bank's books
  • Pass book contains a copy of cash column of customer of cash book
  • Pass book contains a copy of Customers current account in cash book
The cash book shows a balance of $$Rs. 11,000$$ which was different from the pass book balance. The difference is found to be due to a credit entry in pass book amounting to $$Rs. 2,000$$ for direct payment by a customer and a debit of $$Rs. 250$$ for bank charges on collection of outstation cheques and other services. What would be the balance as per bank pass book?
  • $$Rs. 12,750$$
  • $$Rs. 12,250$$
  • $$Rs. 13,750$$
  • $$Rs. 3,600$$
Bank Reconciliation Statement is prepared to ascertain the causes of the difference between ________________ and ______________.
  • the balance as per the bank column of the cash book, the balance as per pass book
  • the balance as per the cash column of cash book, the balance as per the pass book
  • cash, bank column in the cash book
  • none of the above
Which of the following accounts is increased by credit entries?
  • Bank overdraft
  • Purchase account
  • Goodwill account
  • Sales return account
A Bank Reconciliation Statement is prepared by _________.
  • Creditors
  • Debtors
  • Business
  • Any of these
A bank reconciliation statement is prepared with the balances of ________.
  • cash book
  • pass book
  • either cash book or pass book
  • both cash book and pass book
When balance as per passbook is starting point,cheque issued but not presented for payment are ____ for the purpose of reconciliation of balance with cash book
  • Deducted from cash as per cash book
  • Added to the cash as per cash book
  • Deducted from balance as per bank passbook
  • Kept in abeyance for some time
Debit balance as per cash book means _________.
  • Cash Balance
  • Overdraft
  • Excess of Expenditure
  • None of these
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Practice Class 10 Elements Of Book Keeping And Accountancy Quiz Questions and Answers