Q. Which of the following statements is true?
✅ Correct Answer: (B)
Bank charges increase debit balance as per Bank pass book.
Financial Accounting MCQs and Notes
Q. Which of the following statements is false?
✅ Correct Answer: (D)
A Bank Reconciliation Statement is a part of Pass Book
Q. The Bank Reconciliation Statement is prepared
✅ Correct Answer: (D)
To bring out the reasons for the difference between the Balance as per Cash Book and the
Q. Which of the following statements is/are true?
✅ Correct Answer: (D)
Bank interest debited in the Pass Book is to be added to Overdraft Balance as per Pass Book to arrive at the Overdraft balance as per Cash Book
Q. Difference in Bank Balance as per Pass Book and Cash Book may arise on account of
✅ Correct Answer: (D)
All of (a) and (b) above
Q. Debit side of Bank Pass book corresponds to –
✅ Correct Answer: (A)
Credit side of Cash Book ;
Q. Credit balance as per Cash Book mean-
✅ Correct Answer: (B)
Bank overdraft ;
Q. Which of these items are taken into consideration for preparation of adjusted Cash Book
✅ Correct Answer: (A)
Mistake in Cash Book ;
Q. Which of these will not affect Bank and Cash balance
✅ Correct Answer: (D)
All the three
Q. Which of these documents is not required for Bank Reconciliation
✅ Correct Answer: (D)
Trial Balance