CBSE Class 11 Accountancy Bank Reconciliation Statement Assignment

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen Fill In The Blanks

Question. Transaction between an enterprise and its bank is recorded by the Bank in __________.
Answer. Pass Book

Question. ___________ is the copy of trader’s account in the books of the Bank.
Answer. Pass Book

Question. While preparing Bank Reconciliation Statement with Pass book balance, if the debit side of Cash Book is overcasted by mistake the pass book balance should be ___________.
Answer. reduced

Question. If Bank reconciliation Statement is prepared with debit balance as per cash book, the balance that we arrive at in the end will be ________ balance as per _________.
Answer. credit , pass book

Question. If Bank Reconciliation Statement is prepared with Pass book Balance, the transactions which reduces the Cash book balance, Pass book must be _________ for the purpose of reconciliation.
Answer. decreased

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen True And False 

1. Transaction between an enterprise and its bank is recorded by the Bank in Pass Book. [True]

2. Cash Book is the copy of trader’s account in the books of the Bank. [False]

3. While preparing Bank Reconciliation Statement with Pass book balance, if the debit side of Cash Book is overcasted by mistake the pass book balance should be reduced. [False]

4. If Bank reconciliation Statement is prepared with debit balance as per cash book, the balance that we arrive at in the end will be Credit balance as per Cash book. [False]

5. If Bank Reconciliation Statement is prepared with Pass book Balance, the transactions which reduce the Cash book balance, Pass book must be increased for the purpose of  reconciliation. [False]

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen Match The Following

Important Questions for NCERT Class 11 Accountancy Bank Reconciliation Statement 

Question Bank Reconciliation Statement is prepared so that the difference between the undermentioned balances can be reconciled:
(a) Difference in the balance in the bank and the cash balance.
(b) Difference in the balances in the Pass Book in the beginning and at the end.
(c) Difference in the Pass Book and Cash Book balances.
(d) None of the above.

Answer :  C

Question Pass Book of the account holder is a copy of
(a) the bank columns in the Cash Book of the account holder.
(b) the relevant account in the books of a bank.
(c) the cash columns in the Cash Book of a customer.
(d) None of the above.

Answer :  B

Question Bank Reconciliation Statement is prepared
(a) to know the payments made through cheques.
(b) to know the errors in the Pass Book.
(c) to compare the Cash Book with Pass Book and ascertain the differences.
(d) None of the above.

Answer :  C

Question Bank Reconciliation Statement is
(a) a part of Double Entry System.
(b) not a part of Double Entry System,
(c) part of Bank Statement.
(d) None of these.

Answer :  B

Question Balance shown in the Balance Sheet is of
(a) Cash Book.
(b) Pass Book.
(c) Adjusted Cash Book.
(d) None of these.

Answer :  C

Question Debit balance in the Cash Book is equivalent to
(a) Overdraft as per Pass Book.
(b) Credit balance as per Pass Book,
(c) Overdraft as per Cash Book.
(d) None of these.

Answer :  B

Question Which of the following will not require adjustment in the Cash Book balance?
(a) Cheque issued but not presented for payment.
(b) Cheque deposited but not cleared.
(c) Cheque wrongly credited by bank.
(d) All of the above.

Answer :  C

Question Mohan’s bank reconciliation statement shows cheques deposited but not credited by bank of Rs. 3,800 and cheques issued but not presented by suppliers of Rs. 3,500. His bank balance as per Cash Book is Rs. 25,000. Balance as per pass book statement is
(a) Rs. 25,000.
(b) Rs. 24,700.
(c) Rs. 25,300.
(d) Rs. 32,300.

Answer :  B

Question If balance in the bank statement shows Rs. 3,000 (Dr.) and there are deposits of Rs. 800 not yet credited and unpresented cheques totalling Rs. 500, the balance in the Cash Book should be
(a) Rs. 3,300 (Cr.).
(b) Rs. 2,700 (Cr.).
(c) Rs. 4,300 (Cr.).
(d) Rs. 1,700 (Dr.).

Answer :  B

Question Following details are related to a firm’s banking transactions at 31st March, 2019. Balance as per bank statement Rs. 22,650; uncleared lodgements Rs. 3,110; unpresented cheques Rs. 6,290. Bank credit recorded twice by bank in error as Rs. 650.
Which balance for cash at bank should appear in the Balance Sheet as at 31st March, 2019?
(a) Rs. 18,820.
(b) Rs. 20,120.
(c) Rs. 25,180.
(d) Rs. 26,480.

Answer :  A

Question. While preparing Bank Reconciliation Statement with the Amended Cash-Book, which of the item is not recorded in amended cash-book?
(A) Wrong amount entered in Cash-Book
(B) Dividend collected by Bank
(C) Cheques issued but not yet presented
(D) Interest allowed by Bank.
Answer. (C)

Question. Cash Book of a trader shows a debit bank balance of Rs. 6400. While comparing it with Pass-Book, it was found that a cheque of Rs. 7200 issued was recorded on the debit side of Cash-Book. The Pass-Book balance at this point of time would be:
(A) Nil
(B) Rs. 8000 Cr.
(C) Rs. 8000 Dr.
(D) None of above
Answer. (D)

Question. Amended Cash-Book includes:
(A) Errors in Cash-Book
(B) Errors in Pass-Book
(C) Both (A) & (B)
(D) None of the above
Answer. (A)

Question. If Cash-Book (Bank Column) shows a balance of Rs. 10,000 and following were observed while comparing it with Pass-Book:
A cheque of Rs. 1000 deposited in Bank but not recorded in Cash-Book and the payment side of Cash-Book was under cast by Rs. 100. The balance as per Pass-Book would be:
(A) Rs. 11,000
(B) Rs. 10,900
(C) Rs. 9,100
 (D) Rs. 8,900
Answer. (B)

Question. Bank wrongly credited Rs. 18,000 to a trader’s account. This amount would be recorded in Cash-Book:
(A) On Debit side
(B) On Credit side
(C) Either on Debit or Credit side
(D) Neither on Debit nor on Credit side
Answer. (D)

Prepare a Bank Reconciliation Statement as on 31.12.2006

1. Debit balance as per Cash Book Rs.12,000

2. Cheques paid into bank Rs.8,000, but out of these only cheques of Rs.6,500 were credited by bank up to 31.12.06.

3. Cheques drawn of Rs.9,200 but out of these only cheques of Rs.7,200 were presented for payment up to 31.12.06.

4. The receipt column of the cash book has been under cast byRs.200.

5. Interest on investment credited in pass book only Rs.330.

6. Cheques amounting to Rs.7,200 issued on 28th Dec, of which one cheque of Rs.1,300was presented in the bank on 4th Jan.

7. Life Insurance Premium of Rs.750 paid by bank as per customer’s standing instruction.

8. Bank charges debited by bank Rs.25.

9. Cheques deposited into bank for Rs.10,000, but of these cheques of Rs.4,000 were credited in January.

10. A customer directly paid into bank Rs.2,000.

11. A cheque of Rs.1,100 was returned dishonoured by bank, but advice of it received on 3rd January.