CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs Set 02

Question: Debit balance in cash book means:
a) Overdraft as per pass book
b) Overdraft as per cash book
c) Credit balance as per pass book
d) Debit balance as per day book
Answer: c

Question: An amount of Rs. 1000 is debited twice in the pass book. When overdraft as per the cash book is the starting point:
a) Rs. 1000 will be deducted
b) Rs. 1000 will be added
c) Rs. 2000 will be deducted
d) Rs. 2000 will be added
Answer: b

Question: Bank statement must tally with the balance of:
a) Sales book
b) Purchase book
c) Cash book
d) Journal proper
Answer: c

Question: Difference of cash book & pass book arise because of:
a) Transactions only recorded by bank
b) Due to time gap
c) Error committed in bank & cash book
d) All of the options
Answer: d

Question: A bank pass book is a copy of the:
a) Cash column of a customer's cash book
b) Bank column of a customer's cash book
c) Customer's account in the bank's ledger
d) Customer's account in the supplier's ledger
Answer: c

Question: Which is caused by the time gap?
a) Errors committed in recording transactions by the bank
b) Errors committed in recording transaction by the firm
c) Cheque issued by the bank but not yet presented for payment
d) All of the options
Answer: c

Question: Bank Reconciliation Statement is:
a) Ledger account
b) Part of the cash book
c) A separate statement
d) A sub-division of the journal
Answer: c

Question: The payment side of cashbook is undercast by Rs 200 when overdraft as per passbook is the starting point:
a) Rs. 200 will be deducted
b) Rs. 200 will be added
c) No effect will be in the pass book
d) None of the options
Answer: b

Question: Uncollected checks are also known as?
a) Outstanding checks
b) Uncleared checks
c) Outstation checks
d) Both Uncleared checks & Outstation checks
Answer: d

Question: Balance shown in the Balance Sheet is of
a) Cash Book
b) Pass Book
c) Adjusted Cash Book
d) None of the options
Answer: c

Question: Which of the following is not a part of Double Entry System?
a) Cash Book
b) Trial Balance
c) Journal
d) Bank Reconciliation Statement
Answer: d

Question: Bank statement also called?
a) Pass book
b) Cash book
c) Credit book
d) Debit book
Answer: a

Question: Directly collections of bank are to be ___________ in cash book?
a) Dr
b) Cr
c) Both
d) None
Answer: a

Question: When check is not paid by the bank, it is called?
a) Honored
b) Endorsed
c) Dishonored
d) Honored & Endorsed
Answer: c

Question: Passbook is a copy of:
a) Customer account
b) Bank column of cash book
c) Cash column of cash book
d) Receipts and payments
Answer: a

Question: The main function of a commercial bank is to?
a) Barrow and lend money
b) Only barrow money
c) Only lend money
d) None of these
Answer: a

Question: Question. A business receives its bank statement showing the closing balance as Rs. 8,500 overdrawn. It is found that there were unpresented cheques amounting to Rs. 2,000 and uncredited deposits amounted to Rs. 1,500. Overdraft as per Cash Book is
a) Rs. 5,000
b) Rs. 8,000
c) Rs. 9,000
d) Rs. 12,000
Answer: c

Question: Which of the following will not be considered while preparing an Amended Cash Book?
a) Cheques issued but not presented for payment
b) Cheques deposited but not credited by bank
c) Any wrong entry in the Pass Book
d) All of the above
Answer: d

Question: Debit balance in the Pass Book means:
a) Favourable balance in the Cash Book
b) Unfavourable balance in the Cash Book
c) Favourable balance in the Pass Book
d) Unfavourable balance in the Pass Book
Answer: d

Question: Statement that explains the causes of difference between cash book and bank statement is called:
a) Bank Statement
b) Financial Statement
c) Income Statement
d) Bank Reconciliation statement
Answer: d