Bank Reconciliation Statement I (11-20)

11. When bank statement shows a debit balance, it means?

(a) Overdraft balance as per cash book

(b) Unfavorable balance as per cash book

(c) Unfavorable balance as per bank book

(d) None of the above

Correct! Wrong!

12. The check which is deposited into bank but not cleared at the end of a particular year is called?

(a) Uncredited check

(b) Unpresented check

(c) Omitted check

(d) Dishonored check

Correct! Wrong!

13. When dealing with Bank reconciliation statement while using missing method the credit side of cash book corresponds to?

(a) Debit side of cash book

(b) Credit side of Bank statement

(c) Debit side of Bank statement

(d) None of them

Correct! Wrong!

14. In cash book bank charges recorded?

(a) Credit side

(b) Debit side

(c) both a & b

(d) None of them

Correct! Wrong!

15. Credit balance as per pass book is?

(a) Unfavorable balance

(b) Favorable balance

(c) Both a & b

(d) None

Correct! Wrong!

16. When cash is deposited into bank then the following account would be debited in the company accounts?

(a) Cash account

(b) Overdraft account

(c) Bank account

(d) None

Correct! Wrong!

17. Which of the following would not affect bank reconciliation?

(a) Dishonored cheque

(b) Discount received

(c) Bank interest

(d) Check not presented

Correct! Wrong!

18. An amount of Rs. 1,000 is debited twice in the bank statement. When overdraft as per the cash book is the starting point?

(a) Rs. 1,000 will be deducted

(b) Rs. 1,000 will be added

(c) Rs. 2,000 will be deducted

(d) Rs. 2,000 will be added

Correct! Wrong!

19. Which one of the following is not missing of cash book?

(a) Mistakes in cash book

(b) Outstation check

(c) Bank charges debited in bank statement?

(d) Interest credited in bank statement

Correct! Wrong!

20. If any amount is directly deposited into the bank then?

(a) Cash book will show less balance & bank book will show more

(b) Cash book will show more balance & bank book will show less

(c) Cash book will show double balance

(d) Bank book will show double balance

Correct! Wrong!

Bank Reconciliation Statement I (11-20)

11. When bank statement shows a debit balance, it means?

12. The check which is deposited into bank but not cleared at the end of a particular year is called?

13. When dealing with Bank reconciliation statement while using missing method the credit side of cash book corresponds to?

14. In cash book bank charges recorded?

15. Credit balance as per pass book is?

16. When cash is deposited into bank then the following account would be debited in the company accounts?

17. Which of the following would not affect bank reconciliation?

18. An amount of Rs. 1,000 is debited twice in the bank statement. When overdraft as per the cash book is the starting point?

19. Which one of the following is not missing of cash book?

20. If any amount is directly deposited into the bank then?

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