Bank Reconciliation Statement MCQs with answers
Dear candidates you will find MCQ questions of 11th Class - Accountancy | Chapter: Bank Reconciliation Statement here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
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Q. A bank reconciliation statement is prepared by?
✅ Correct Answer: (B)
Accountant of the business
Q. The balance on the debit side of the bank column of cash book indicates?
✅ Correct Answer: (A)
Cash at bank
Q. The main purpose of preparing a bank reconciliation statement is?
✅ Correct Answer: (D)
To identify causes of difference between cash book and bank statement
Q. Farkhanda Jabeen Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?
✅ Correct Answer: (A)
As an uncredited deposits added to the bank statement balance
Q. Which of the following items is not a reason for difference between bank balance as per cash book and pass book?
✅ Correct Answer: (C)
Credit sales
Q. A check that bears a date latter than date of issue is called?
✅ Correct Answer: (A)
Post-dated check
Q. The main function of a commercial bank is to?
✅ Correct Answer: (A)
Barrow and lend money
Q. When a cheque is returned by the bank showing some technical reason is known as?
✅ Correct Answer: (C)
Dishonor of the cheque
Q. Directly collections of bank are to be ___________ in cash book?
✅ Correct Answer: (A)
Dr
Q. The cheque which is issued to creditor but is not presented for payment is called?
✅ Correct Answer: (B)
Outstanding cheque
Q. A Bank Reconciliation Statement is:
✅ Correct Answer: (D)
A statement prepared by a customer
Q. A pass book is a copy of
✅ Correct Answer: (A)
A customer’s account in the bank’s books
Q. A bank reconciliation statement is prepared with the balance of:
✅ Correct Answer: (D)
Either cash book or pass book
Q. On the bank statement, cash deposited by the company is known as
✅ Correct Answer: (A)
Credit
Q. Bank reconciliation statement compares a bank statement with _________
✅ Correct Answer: (D)
Cashbook
Q. What is “Deposit in transit” in bank reconciliation?
✅ Correct Answer: (A)
Added to Bank Balance
Q. ‘NSF’ marked in cheque sent back by the bank indicates
✅ Correct Answer: (C)
No sufficient money
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