CBSE Questions for Class 10 Elements Of Book Keeping And Accountancy Bank Reconciliation Statement Quiz 7 - MCQExams.com

A bank reconciliation statement is prepared to find out the causes of the difference between:
  • The balance as shown by the cash column of the cash book with the balance shown by its bank column.
  • The balance as shown by the cash column of the cash book with the balance shown by the pass book.
  • The balance shown by the bank column of the cash book with the balance shown by the pass book.
  • None of the above
On $$30$$th September overdraft as per pass book of S Ltd. was Rs. $$32,400$$. The bank had directly collected dividend of other companies Rs. $$1,750$$ and interest Rs. $$1,200$$. As per standing instruction bank has paid bills of Rs. $$2,454$$. Cheque deposited for Rs. $$8,929.60$$ was not credited in pass book. Balance as per cash book should be ________ .
  • Overdraft of Rs. $$23,966.40$$
  • Overdraft of Rs. $$56.733.60$$
  • Overdraft of Rs. $$40,833.60$$
  • Overdraft of Rs. $$18,066.40$$
A Bank Reconciliation Statement is prepared to know the causes for the difference between:
  • The balance as per cash column of Cash Book and the Pass Book.
  • The balance as per bank column of Cash Book and the Pass Book.
  • The balance as per bank column of Cash Book and balances as per column of Cash Book.
  • Neither of the above.
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 column of the Cash book
  • None of the above
Overdraft as per cash book of B & Co. was Rs. $$30,000$$.
- The credit side of bank column of cash book was under cast by Rs. $$100$$
- Interest on bank loan Rs. $$2,000$$ and bank charges of Rs. $$575$$ were not recorded in cash book.
Overdraft as per pass book should be _______ .
  • Rs. $$32,675$$
  • Rs. $$27,325$$
  • Rs. $$28,675$$
  • Rs. $$28,475$$
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, cheques deposited but omitted to be recorded are:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the Dr. balance as per Cash Book as the starting point, interest allowed by the bank are:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, Direct collection by bank are:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, cheque recorded omitted to be banked are:  
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, dishonour of Discounted B/R are:
  • Added
  • Subtracted
  • Nor required to be adjusted
  • None of these
A Bank reconciliation statement reconciles the -
  • Ledger with the journal
  • Petty cash book with the bank account
  • Day books with the bank statement.
  • Bank statement with the cash book.
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, an under cast of Bank Column on credit side of Cash Book is:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, Bank charges and interest charges are:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, An under cast of  Bank column on Debit side of the Cash Book is:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, Direct payments are:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
A cheque of Rs. 112 received from a debtor deposited but omitted to be recorded in the Cash Book (Note: Bank has collected and credited this cheque). When balance as per Cash Book is the starting point, __________ .
  • Rs. 112 to be added
  • Rs. 112 to be subtracted
  • No adjustment is required
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, A wrong credit in a Pass Book is:
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, A wrong debit in a Pass Book is: 
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
One outgoing Cheque of Rs. 112 recorded in the Cash Book but omitted to be sent to creditor. When the balance as per Cash Book is the starting point ___________________.
  • Rs. 112 to be added
  • Rs. 112 to be subtracted
  • No adjustment is required
  • None of these
While preparing a Bank Reconciliation Statment taking the balance as per Cash Book as the starting point, An under cast of deposit column in Pass Book is :
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
A cheque of Rs. 112 received from a debtor recorded in the cash book but omitted to be banked. When balance as per Cash Book is the starting point.
  • Rs. 112 to be added
  • Rs. 112 to be subtracted
  • No adjustment is required
  • None of these
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, Debit balance of Rs. 112 brought forward as credit balance of Rs. 121 is:
  • Rs. 112 to be Added
  • Rs. 121 to be Added
  • Rs. 233 to be Added
  • Rs. 112 to be Subtracted
Second hand machine was purchased for Rs. 1,00,000 through a broker who charged 1%. It was brought to factory after incurring transportation cost of Rs. 2,000 and then was repaired at a cost of Rs. 3,000 and the installed at a cost of Rs. 4,000 to take trial run production which cost Rs. 5,The commercial production begun and continued upto 11 months at the end of which, this machine was again repaired at a cost of Rs. 6,The amount debited to Machinery Account will be -
  • Rs. 1,00,000
  • Rs. 1,01,000
  • Rs. 1,15,000
  • Rs. 1,21,000
While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, An under cast of withdrawal column in pass Book is: 
  • Added
  • Subtracted
  • Not required to be adjusted
  • None of these
One outgoing cheque of Rs. 112 recorded as Rs. 121 in the Cash Book. (Note: This cheque was presented in the Bank). When the balance as per Cash Book is the starting point.
  • Rs. 112 to be subtracted
  • Rs. 121 to be subtracted
  • Rs. 9 to be added
  • Rs. 112 to be added
The biggest factor in determining the price of a mortgage is:
  • the lender.
  • the interest rate.
  • the down payment.
  • the total cost of the home.
Deposit column of pass book showed a wrong entry of Rs.When the balance as per Cash Book is the starting point __________ .
  • Rs. 112 to be added
  • Rs. 112 to be subtracted
  • No adjustment is required
  • None of these
Withdrawl column of the Pass Book showed a wrong entry of Rs.When the balance as per Cash Book is the starting point __________.
  • Rs. 112 to be added
  • Rs. 112 to be subtracted
  • No adjustment in required
  • None of these
Ram paid 900 in full settlement of a debt of 950 which was written off a bad in the previous year.
  • Ram's account should be credited with 900.
  • Ram's account should be credited with 950.
  • Bad Debt should be debited with 50.
  • None of the above.
Which one of the following is not taken into account in adjusting the cash balance?
  • Mistakes in the cash book.
  • Mistakes in the pass book.
  • Bank charges debited in pass book.
  • Interest and dividend credited in pass book.
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