CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs Set D

Question: Difference in balance as per pass book and balance as per cash book due to ________ is termed as difference arising due to errors in recording the transaction.
a) Cheque issued but not presented for payment
b) Dishonour of a discounted bill
c) Direct payment by the bank/customers
d) None of the options
Answer: d

Question: Unfavourable balance as per bank pass book means ___________.
a) Bank overdraft
b) Debit balance in pass book
c) Debit balance in cash book
d) Both Bank overdraft and Debit balance in pass book
Answer: a

Question: Credit entry in pass book at any point of time means ___________.
a) Amount withdrawn from customer's a/c
b) Amount deposited in customer's a/c
c) Both Amount withdrawn from customer's a/c and Amount deposited in customer's a/c
d) None of the options
Answer: b

Question: Entry in the debit side of bank pass book implies ____________.
a) Cash withdrawn
b) Cash/cheque deposited in Bank
c) Business Receipts
d) Personal Receipts
Answer: a

Question: Unfavourable bank balances means:
a) Credit balance in the cash book
b) debit balance in the pass book
c) Debit balance in the cash book
d) Favourable balance in the cash book
Answer: b

Question: Debit entry in pass book at any point of time means _________.
a) Amount deposited by the customer
b) Amount withdrawn by the customer
c) Amount deposited in customer's a/c
d) Amount withdrawn/deducted from customer's a/c
Answer: d

Question: What is "Deposit in transit" in bank reconciliation?
a) Added to Bank Balance
b) Subtracted From Bank Balance
c) Subtracted From the Cash Book Balance
d) Added to Cashbook Balance
Answer: a

Question: A bank reconciliation statement is prepared by _________.
a) the bank
b) the bank account holder
c) the government
d) All of the options
Answer: b

Question: Which of the following is/are causes of difference in balance between the cash book and the pass book?
a) Errors committed in recording transactions by the firm.
b) Errors committed in recording transactions by the bank.
c) Natural calamities.
d) Both Errors committed in recording transactions by the firm & Errors committed in recording transactions by the bank.
Answer: d

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.
c) None of the options.
Answer: c

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.).
c) Rs. 1,700 (Dr.).
Answer: b

Question: In cash book, the favourable balance indicates
a) Credit Balance
b) Debit Balance
c) Bank Overdraft
c) Adjusted Balance
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.
c) Rs. 26,480.
Answer: a

Question: The cheque which is issued to creditor but is not presented for payment is called?
a) Uncredited cheque
b) Outstanding cheque
c) Omitted cheque
d) Dishonoured cheque
Answer: b

Question: Cash book balance was Rs. 1,790 (Dr.). When compared with the bank statement, it was identified that unpresented cheques were Rs. 1,040 and deposits not credited were Rs. 820. Balance of the bank statement will
a) Rs. 70 (Dr.).
b) Rs. 1,570 (Cr.).
c) Rs. 2,010 (Cr.).
d) Rs. 3,650 (Cr.).
Answer: c

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 options.
Answer: c

Question: Which of the following is/are causes of difference in balance between the cash book and the pass book?
a) Interest and dividend received by the bank and entered in cash book.
b) Amount directly deposited in the bank account by customer recorded in cash book.
c) Bank charges not entered in the cash book.
d) All of the options.
Answer: d

Question: Current account shows Rs. 1,000 as overdrawn. When bank statement is received, it was identified that one of debtors has deposited Rs. 400 into the account and bank charges of Rs. 20 had been debited to the account. Bank Statement balance is
a) Rs. 1,420 (Dr.).
b) Rs.620(Dr.).
c) Rs. 4,300 (Cr.).
d) Rs. 1,700 (Dr.).
Answer: b

Question: Statement that explain 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

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