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1. A Bank Reconciliation Statement is prepared by :
1. customer of the Bank 2. Bank
3. neither of the above two 4. None of these
2. The balance of cash book shows :
1. net income 2. Cash in hand
3. net expenditure 4. None of these
3. BRS is :
1. a part of the cash book 2. A ledger account
3. a statement showing the causes for difference between the balance of cash book and pass book
4. none of these
4. Bank Reconciliation statement is prepared to ascertain the causes of the difference between :
1. the balance as per the bank column of the cash book and the balance as per pass book
2. the balance as per the cash column of cash book and the balance as per the pass book
3. neither of the two
4. none of these
5. While preparing bank reconciliation statement charges paid into bank but not yet cleared are :
1. added 2. Deducted 3. Multiple 4. None of these
6. A five months bill drawn on 2nd Feb 2004 will mature for payment on … 2004.
1. Sep 5th 2. Sep 2nd 3. Feb 5th 4. None of these
7. In arriving at out adjusted cash balance which of the following is not taken into account ?
1. amount deposited by our customer direct into our bank account
2. errors in the cash book 3. Errors in the pass book
4. none of these
8. When bank column of a cash book shows a credit balance, it means :
1. overdraft balance 2. Cash book balance
3. positive balance of pass book 4. None of these
9. A bank reconciliation statement is prepared by :
1. creditors 2. Debtors
3. business 4. Customers (bank)
10. Favourable balance as per cash book means :
1. debit balance in the bank. Bank column of the cash book
2. debit balance in the pass book
3. neither of the two
4. none of these
11. Over draft as per cash book means :
1. Credit balance in the cash book
2. Credit balance in the bank column of the cash book
3. Debit balance in the cash book
4. None of these
12. Which of the following is the correct ?
1. pass book shows credit balance
2. cash book in the bank column shows the debit or credit balance
3. when the pass book shows debit balance
4. all of the above
13. Bank balance as per cash book Rs.18,500 Rs.4,500 is entered in the cash book as paid into bank; but not credited by the bank. The pass book balance is Rs.
1. Rs.14,000 2. Rs.13,000 3. Rs.23,000 4. Rs.18,500
14. Pass book balance is 20,000, dividend of Rs.1,000 collected by bank but entered in the cash book as Rs.100. the cash book balance is :
1. Rs.19,000 2. Rs.21,100 3. Rs.19,100 4. None of these
15. Overdraft Bank balance as shown by the cash book is Rs.6,000. A cheque Rs.10,400 was deposited to bank but omitted in the cash book. In the pass book the amount is wrongly entered in the withdrawal column. Overdraft balance as per pass book.
1. Rs.16,400 2. Rs.10,400 3. Rs.4,400 4. Rs.16,000
16. Overdraft balance as per pass book Rs.8,500. A cheque of Rs.3,450 issued but wrongly entered in the debit side of the cash book. The cheque is not yet presented for payment. Overdraft balance as per cash book.
1. Rs.8,500 2. Rs.5,050 3. Rs.11,950 4. None of these
17. Bank balance as per cash book is Rs.7,800, bank charges of Rs.75 debited by bank but not recorded in the cash book. The pass book balance is ?
1. Rs.7,875 2. Rs.7,725 3. Rs.7,800 4. Rs.7,850
18. Bank balance as per pass book is Rs.9,700. Cash with drawn from bank Rs.3,000 but recorded as Rs.300 in the cash book but balance as per cash book is ?
1. Rs.12,400 2. Rs.6,700 3. Rs.3,700 4. Rs.12,700
19. Overdraft of pass book is Rs.11,500. Interest on Overdraft Rs.350 debited by bank but not recorded in the cash book. Bank balance as per cash book is ?
1. Rs.11,850 2. Rs.11,500 3. Rs.11,150 4. Rs.11,750
20. Bank balance as per cash book is Rs.570, debit side of the cash book bank column is over added to the extent of Rs.10,000. Overdraft of balance as per pass book is ?
1. Rs.9,430 2. Rs.10,570 3. Rs.570 4. None of these
21. When overdraft as per pass book is the starting point, bank charges of Rs.100 recorded twice will be :
1. added by Rs.100 2. Added by Rs.200
3. deducted by Rs.100 4. Deducted by Rs.200
22. When favourable balance as per cash book is the starting point, wrong debit given by the bank to the firm’s account will be :
1. added 2. Deducted 3. No effect 4. None of these
23. The credit balance of Rs.1,000 in the bank column of the cash book was carried forward as its debit balance. When overdraft as per pass book is the starting point.
1. Rs.1000 will be deducted 2. Rs.1000 will be added
3. Rs.2000 will be deducted 4. None of these
24. When Overdraft as per pass book is the starting point, interest on Overdraft Rs.50 recorded twice on pass book will be :
1. Added by Rs.100 2. Added by Rs.50
3. Deducted by Rs.50 4. None of the above
25. When favourable balance as per cash book is the starting point, cheques deposited but not collected Rs.500 before due date will be :
1. added by Rs.500 2. Deducted by Rs.1000
3. deducted by Rs.500 4. None of these
26. When overdraft as per cash book is the starting point, the credit balance of Rs.200 in the bank column of the cash book was carried forward as its debit balance will be ?
1. added by Rs.200 2. Added by Rs.400
3. deducted by Rs.400 4. None of these
27. Balance as per cash book Rs.7,000 cheques issued Rs.750 but not cleared in the bank balance as per pass book will be :
1. Rs.7,750 2. Rs.6,250 3. Rs.7,000 4. None of these
28. Balance as per pass book is Rs.10,000 cheques issued but not cleared in the bank is Rs.350 bank charges Rs.50 not taken in the cash book, balance as per cash book will be :
1. Rs.10,050 2. Rs.10,350 3. Rs.9,700 4. Rs.10,400
29. When bank column of a cash book shows a credit balance. It means :
1. favourable balance 2. Overdraft
3. favourable balance as per pass book 4. None of these
30. Bank balance as per Pass book is Rs.30,000, dividend of Rs.1,000 collected by bank but entered in cash book as Rs.100. the cash book bank balance is Rs.:
1. Rs.29,100 2. Rs.31,000 3. Rs.31,100 4. Rs.29,900
31. While preparing bank reconciliation statement as per pass book will have to be – or balance as per cash book – by the amount of direct payment by customer into trader’s account with the banker :
1. decreased 2. Increased 3. Both 1 and 2 4. None of these
32. Overdraft as per cash book Rs.1,000, cheques issued but not presented in the bank balance as per pass book will be :
1. Dr Balance PB-000 2. Cr balance PB – 1000
3. Dr Balance PB – 2000 4. None of these
33. Bank balance as per cash book is Rs.19,000. Rs.4,000 is entered in the cash book as paid into bank but not credited cash book. The pass book balance is :
1. Rs.14,000 2. Rs.15,000 3. Rs.23,000 4. None of these
34. Bank balance as per cash book is Rs.570, debit side of the cash book bank column is over added to the extent of Rs.9,500. Overdraft balance as per pass book is Rs. :
1. Rs.8,930 2. Rs.10,070 3. Rs.9,570 4. None of these
35. Pass book overdraft balance is Rs.30,000 cheques deposited but not credit is Rs.8,000 what is the balance as per cash book is :
1. Rs.38,000 2. Rs.22,000 3. Rs.30,000 4. None of these
ANSWERS
1.1 2.2 3.3 4.1 5.2 6.1 7.3 8.1 9.4 10.1 11.2 12.4
13.1 14.3 15.1 16.2 17.2 18.1 19.3 20.1 21.1 22.2 23.3 24.3
25.3 26.2 27.1 28.3 29.2 30.1 31.3 32.2 33.2 34.1 35.1
