CBSE Class 11 Accountancy HOTs Bank Reconciliation Statement

Please refer to CBSE Class 11 Accountancy HOTs Bank Reconciliation Statement. Download HOTS questions and answers for Class 11 Accountancy. Read CBSE Class 11 Accountancy HOTs for Chapter 5 Bank Reconciliation Statement below and download in pdf. High Order Thinking Skills questions come in exams for Accountancy in Class 11 and if prepared properly can help you to score more marks. You can refer to more chapter wise Class 11 Accountancy HOTS Questions with solutions and also get latest topic wise important study material as per NCERT book for Class 11 Accountancy and all other subjects for free on Studiestoday designed as per latest CBSE, NCERT and KVS syllabus and pattern for Class 11

Chapter 5 Bank Reconciliation Statement Class 11 Accountancy HOTS

Class 11 Accountancy students should refer to the following high order thinking skills questions with answers for Chapter 5 Bank Reconciliation Statement in Class 11. These HOTS questions with answers for Class 11 Accountancy will come in exams and help you to score good marks

HOTS Questions Chapter 5 Bank Reconciliation Statement Class 11 Accountancy with Answers

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen MCQs

Question. Debit Balance as per Cash book shows:
a) Bank withdrawls are more than deposits.
b) Bank withdrawls are less than deposits
c) Bank deposits are less than withdrawls.
d) All of the above
Answer. (B)

Question. Which of the following is not a part of Double Entry System?
(A) Cash-book
(B) Journal
C) Trial balance
(D) Bank reconciliation statement
Answer. (D)

Question. Which of the following transaction will result in higher balance in the bank column of cash-book in comparison to pass-book?
(A) Cheques issued but not presented for payment.
(B) Interest allowed by bank.
(C) Bank charges entered twice in each book.
(D) Cheques paid into bank for collection but not yet credited.
Answer. (D)

Question. Cheques deposited but not collected will result in:
(A) Increasing the balance of pass-book when compared to cash-book.
(B) Increasing the balance of cash-book when compared to pass-book.
(C) Decrease the balance of pass-book when compared to cash-book.
(D) Both (B) and (C)
Answer. (D)

Question. When cheques issued by the trader but not yet presented for payment will:
(A) Decrease the pass-book, and no affect on the cash-book.
(B) No affect on the pass-book, and decrease the cash-book.
(C) Both (A) and (B)
(D) None of the above.
Answer. (B)

Question. Which of the following statement is true?
(A) When debit balance as per cash-book is given and balance as per pass-book is to be ascertained.
(B) When credit balance as per pass-book is given and balance as per cash-book is to be ascertained.
(C) When credit balance as per cash-book is given and the balance as per pass-book is to be ascertained.
(D) All of the above.
Answer. (D)

Question. A bank reconciliation statement is mainly prepared to :
(A) Reconcile the cash balance of the cash-book.
(B) Reconcile the difference between the bank balance shown by the cash-book and pass- book.
(C) Both (A) and (B)
(D) None of the above.
Answer. (B)

Question. ……… is a statement which is prepared mainly to reconcile the difference between the bank balance as shown by the cash book and pass book.
(a) Bank Reconciliation Statement
(b) Bank Statement
(c) Cash Flow Statement
(d) Fund Flow Statement
Answer. A

Question. Why is a bank reconciliation statement prepared?
(a) It is generally experienced that when a comparison is made between the bank balance as shown in the firm’s cash book and the bank statement, the two balances do not tally.
(b) To find out the cash balance.
(c) To understand short term liabilities.
(d) None of the above
Answer. A

Question. A bank reconciliation statement is prepared by?
(a) Banker
(b) Account holder in a bank
(c) Creditor
(d) Supplier
Answer. B

Question. Which of the following points out the need of bank reconciliation statement?
(a) It helps in locating any error that may have been committed either in the cash book or in the pass book.
(b) It helps in bringing out the unnecessary delay in the collection of cheques by the bank.
(c) It helps in avoiding embezzlements or misappropriation of funds by regular periodic reconciliation.
(d) All of the above
Answer. D

Question. Pass book is a copy of.............as it appears in the ledger of the bank.
(a) customer’s account
(b) cash book relating to cash column
(c) firm’s receipts and payments
(d) None of the above
Answer. A

Question. A bank reconciliation statement can be prepared with the balance of
(a) pass book
(b) cash book
(c) Both pass book and cash book
(d) None of the above
Answer. C

Question. Reconciliation of the cash book and the bank pass book balances amounts to an explanation of differences between them.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. A

Question. The differences between the cash book and the bank pass book is caused by
(i) timing differences in recording of the transactions.
(ii) errors made by the business or by the bank.
(a) Only (i)
(b) Only (ii)
(c) Both (i) and (ii)
(d) Neither (i) nor (ii)
Answer. C

Question. Which of the following is an example of difference caused due to time gap in cash book and pass book?
(a) Cheques issued by the firm to suppliers worth Rs 50,000 not presented by supplier to the bank for payment immediately.
(b) Cheques paid into the bank of Rs 75,000 but not yet collected.
(c) Cheque collection charges worth Rs 25,000 levied by bank.
(d) All of the above
Answer. D

Question. Which of the following is an example of difference caused due to errors in cash book and pass book?
(a) Cheques issued by the firm to suppliers worth Rs 60,000 not presented by supplier to the bank for payment immediately.
(b) Cheques paid into the bank of Rs 93,000 but not yet collected.
(c) Wrong totalling as Rs 2,50,000 instead ofRs 2,30,000 by the accountant of the firm.
(d) Cheque collection charges worth Rs 45,000 levied by bank.
Answer. C

Question. Cheque amounting to Rs 5,000 issued to P but recorded as Rs 500 in the cash book is an example of difference due to time lag.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. B

Question. Difference caused due to bank charges of Rs 500 debited to firm’s current account by the bank is an example of difference caused due to time lag.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. A

Question. Normally, the cash book shows a ………balance while pass book shows ……… balance.
(a) debit; credit
(b) credit; debit
(c) debit; debit
(d) credit; credit
Answer. A

Question. Favourable balance as per the cash book means credit balance in the bank column of the cash book.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. B

Question. When money is withdrawn from the bank, the bank ............. the account of the customer.
(a) credit
(b) debit
(c) Either (a) or (b)
(d) No effect
Answer. B

Question. In the bank statement, cash deposited by a firm is shown as ……… .
(a) debit
(b) credit
(c) liability
(d) provision
Answer. B

Question. If bank sent back the cheque by marking it as NSF, it means
(a) fake cheque
(b) not sufficient funds
(c) a cheque cannot be cashed because it’s illegal
(d) None of the above
Answer. B

Question. Which of the following would not be a reason for difference between bank balance as per cash book and pass book?
(a) Bank charges of Rs 200
(b) Cheques deposited but not yet cleared worth Rs 9,900
(c) Credit purchases of Rs 30,000
(d) Cheques issued but not yet presented for payment worth Rs 3,000
Answer. C


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

Question. Bank Charges debited in pass book are recorded on the _________ side of Cash Book in Bank Column.
Answer. Credit

Question. Interest allowed by Bank is recorded on the _________ side of Cash Book in Bank Colum.
Answer. Debit

Question. Amount directly deposited by customers into Bank but no information received will increase ________ book balance.
Answer. Pass book

Question. When money is withdrawn from Bank, the bank _____________ the account of customer.
Answer. Debits

Question. While preparing Bank reconciliation Statement, Pass book is compared with __________ balance of Cash Book.
Answer. Bank


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

1. Bank Charges debited in pass book are recorded on the debit side of Cash Book in Bank Column. [False]

2. Interest allowed by Bank is recorded on the Debit side of Cash Book in Bank Column. [True]

3. Amount directly deposited by customers into Bank but no information received will increase Pass book balance. [True]

4. When money is withdrawn from Bank, the bank credits the account of customer. [False]

5. While preparing Bank reconciliation Statement, Pass book is compared with Cash balance of Cash Book. [False]


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

Question. Match items in List I with terms in List II using the codes given below the lists-
1. When debit balance as per cash book is given       a) Balance as per pass book is to be ascertained
2. When credit balance as per pass book is given      b) Balance as per cash book is to be ascertained
Answer. 1;b, 2;a

Question. Match items in List I with terms in List II using the codes given below the lists-
1. When debit balance as per pass book is given       a) Balance as per cash book is to be ascertained
2. When credit balance as per cash book is given      b) Balance as per pass book is to be ascertained
Answer. 1;a , 2;b

Question. Match items in List I with terms in List II using the codes given below the lists-
1. Unfavourable balance as per pass book shows     a) Credit balance
2. Favourable balance as per pass book shows        b) Debit balance
Answer. 1-a,2-b

Question. Match items in List I with terms in List II using the codes given below the lists-
1. Bank reconciliation statement is prepared by     a) Bankers Books
2. Bank statement is prepared in the books           b) Customer’s accountant
c) Bank reconciliation
Answer. 1:b , 2:a, 

 

Question. Define the bank reconciliation statement
Answer :
 Bank Reconciliation Statement is a record book of the transactions of a bank account. It reconciles the difference between the company’s cash book and bank balance.

Question. State two reasons for the difference between the company’s cash book and bank balance
Answer : 
The two reasons for the difference between the company’s cash book and bank balance
• Bank issued cheque but not yet deposited for payment
• Paid cheque in the bank but yet not cleared

Question.  Which balance is caused an overdraft of cash book and passbook?
Answer : 
Cash book Cr. and Passbook Dr. balances.

Question. Mention two items drafted in a minus column while starting with a debit balance of cash book.
Answer : 
The two items drafted in a minus column while starting with a debit balance of cash book are.
• Paid cheque in the bank but yet not cleared
• Bank made direct payment from the customer’s side

Question. Mention two items drafted in a plus column while starting with an overdraft balance of cash book. 
Answer : 
The two items drafted in a plus column while starting with an overdraft balance of cash book are.
• Bank-issued cheque but not yet deposited for payment
• Interest allowed by the bank but not recorded in the cash book

Question. A PassBook is a copy of
1. A customer’s account in the bank’s book
2. Cash book relating to bank column
3. Cash book relating to cash column
4. Firm’s receipts and payments
Answer : A customer’s account in the bank’s book

Question. A bank reconciliation statement is prepared by
1. Bank
2. Customers of the Bank
3. Creditors
4. Auditors

Answer : Customers of the Bank

Question. A debit balance in passbook is defined as an overdraft. Is it true or false?
Answer : 
True


CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen Assertion-Reasoning MCQs

Direction -There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is true, but Reason (R) is false
(d) Assertion (A) is false, but Reason (R) is true

Question. Assertion (A) A bank reconciliation statement is a statement prepared to reconcile the bank balance as per cash book with the balance as per pass book or bank statement.
Reason (R) The amount of balance shown in the pass book or the bank statement must tally with the balance as shown in the cash book.
Answer. A

Question. Assertion (A) It is generally experienced that when a comparison is made between the bank balance as shown in the firm’s cash book, the two balances do not tally.
Reason (R) The differences between the cash book and the bank pass book are caused by either timing differences in recording of the transactions or errors made by the business or by the bank.
Answer. A

Question. Assertion (A) When the cheques are not presented for payment, favourable balance as per the cash book is less than that of the pass book.
Reason (R) If an entry of payment has been recorded in the pass book but not in the cash book, then the balance of pass book will be less than of cash book.
Answer. B

Question. Assertion (A) When direct debits are made by the bank on behalf of the customer, the balance in the passbook will be more when compared to the cash book.
Reason (R) If an entry of payment has been recorded in the passbook but not in the cash book, then the balance of passbook will be less than of cash book.
Answer. C

Chapter 01 Introduction to Accounting
CBSE Class 11 Accountancy HOTs Introduction to Accounting
Chapter 03 Recording of Transactions-I
CBSE Class 11 Accountancy HOTs Recording of Transactions I
Chapter 04 Recording of Transactions-II
CBSE Class 11 Accountancy HOTs Recording of Transactions II
Chapter 05 Bank Reconciliation Statement
CBSE Class 11 Accountancy HOTs Bank Reconciliation Statement
Chapter 06 Trial Balance and Rectification of Errors
CBSE Class 11 Accountancy HOTs Trial Balance and Rectification of Errors
Chapter 07 Depreciation, Provisions and Reserves
CBSE Class 11 Accountancy HOTs Depreciation Provisions and Reserves
Chapter 10 Financial Statements -II
CBSE Class 11 Accountancy HOTs Financial Statements
Chapter 11 Accounts from Incomplete Records
CBSE Class 11 Accountancy HOTs Accounts from Incomplete Records

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