CBSE Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 4 - MCQExams.com

Credit balance as per bank a/c implies_______.
  • Cash balance
  • Overdraft
  • Excess of expenditure
  • None of these
A bank reconciliation is a ____________________.
  • formal financial statement that lists all of the a firm's bank account balances.
  • merger of two banks that previously were competitors.
  • statement sent monthly by a bank to a depositor that lists all deposits, cheques paid and other credits and charges to the depositor's account for the month.
  • schedule that accounts for differences between a firm's cash balance as shown on bank statement and the balance shown in its personal ledger cash account.
The balance of cash book shows ____________.
  • net income
  • cash in hand
  • net expenditure
  • cash received
Bank reconciliation statement is prepared to reconcile ___________.
  • Difference in trial balance
  • The balance of personal A/c
  • Cash at bank as per cash book with balance as per bank statement
  • Balance in suspense A/c
A Bank Reconciliation Statement is prepared with the help of ______________.
  • bank statement and bank column of the cash book
  • bank statement and cash column of the cash book
  • bank column and cash column of the cash book
  • none of the above
When a cheque received on a particular date is not deposited the same day into bank, it is entered in ________________.
  • Cash column on the debit side
  • Bank column on the debit side
  • Cash column on the credit side
  • Cash column on the debit side and credit side.
A pass book is a copy of _________________ .
  • a customers account in the banks books
  • cash book relating to discount column
  • cash book relating to cash column
  • firms receipts and payments
A bank reconciliation statement is prepared with the balance of __________ .
  • cash book
  • pass book
  • either (A) or (B)
  • neither (A) nor (B)
Unfavorable bank balance means ________________.
  • credit balance in the cash book
  • credit balance in the pass book
  • debit balance in the cash book
  • favorable balance in the cash book
When the balance as per Pass Book is the starting point, direct payments by bank are __________.
  • added in the bank reconciliation statement
  • subtracted in the bank reconciliation statement
  • not required to be adjusted in the bank reconciliation statement
  • None of the above
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2005 is 1,Cheques deposited but not cleared amount to 200 and Cheques issued but not presented ofThe bank allowed interest amounting 50 and collected dividend 50 on behalf of ABC Enterprises. Balance as per pass book should be _______ .
  • 1,600
  • 1,450
  • 1,850
  • 1,550
A debit balance in the depositors Cash Book will be shown as _________.
  • a debit balance on the Bank Statement
  • a credit balance on the Bank Statement
  • an overdrawn balance on the Bank Statement
  • none of the above
When balance as per Cash Book is the starting point, interest charged by Bank is ____________.
  • added in the bank reconciliation statement
  • subtracted in the bank reconciliation statement
  • not required to be adjusted in the bank reconciliation statement
  • None of the above
State whether True or False:
All transactions related to bank are recorded in the bank  column of the cash book and these transactions are also recorded in the pass book by the bank.
  • True
  • False
When businessman takes money from bank out of its account it is known as _________.
  • withdrawal
  • deposit
  • expenses
  • liability
________ is a copy of the clients account in the bank's ledger.
  • Cash book
  • Pass book
  • Cheque book
  • Pay-in-slip book
Unfavourable balance as per pass book means which of the following?
  • Dr. balance in cash book.
  • Cr. balance in pass book.
  • Bank overdraft.
  • None of the above.
Unfavourable balance as per cash book means which of the following?
  • Cr. balance in pass book.
  • Dr. balance in cash book.
  • Bank overdraft.
  • None of the above.
A debit balance in the depositor's cash book will be shown as ___________.
  • a debit balance in the bank statement
  • a credit balance in the bank statement
  • an overdrawn balance in the bank statement
  • none of the above
When businessman pays money to bank it is known as _________________.
  • withdrawal
  • deposit
  • expenses
  • liability
When the balance as per pass book is the starting point, cheques not presented for payment are ________.
  • added in the bank reconciliation statement
  • subtracted in the bank reconciliation statement
  • ignored while preparing the bank reconciliation statement
  • neither of the above
The businessman prepares the _______ and the _______ is prepared by the bank.
  • Pass book, Cash book
  • Cash book, Pass book
  • cash book, cash book
  • Pass book, Pass book
A Bank Reconciliation Statement is prepared with the help of ____________ .
  • bank statement and bank column of the cash book
  • bank statement and cash column of the cash book
  • bank column of the cash book and cash column of the cash book
  • none of the above
Favourable balance as per cash book means which of the following?
  • Cr. balance in cash book.
  • Dr. balance in cash book.
  • Bank overdraft.
  • Dr. balance in pass book.
Which of the following is not the salient features of bank reconciliation statement?
  • Reconciliation is done by the bankers.
  • Reconciliation statement will help in finding the person doing any fraud.
  • Any undue delay in the clearance of cheques will be shown up by the reconciliation.
  • All of above.
A bank reconciliation statement is a _________.
  • part of cash book
  • part of financial statements
  • part of pass book
  • none of the above
A Bank Reconciliation Statement is prepared by __________.
  • Creditors
  • Debtors
  • Bank
  • Account Holder
Which of the following is/are significance of Bank Reconciliation Statement?
  • It highlights the causes of difference between the bank balance as per cash book and the balance as per pass book.
  • It helps in finding out actual position of the bank balance.
  • It reduces the chance of fraud by the staff dealing in cash.
  • All of the above.
A bank reconciliation statement is prepared by _________.
  • the bank
  • the bank account holder
  • the government
  • all of the above
When debit balance as per cash book is the starting point, direct deposits by customers are __________.
  • added
  • subtracted
  • not required to the adjusted
  • none of these
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Practice Class 10 Elements Of Book Keeping And Accountancy Quiz Questions and Answers