Bank Reconciliation Statement Book Back Questions

11th Standard

    Reg.No. :
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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. A bank reconciliation statement is prepared by ___________.

    (a)

    Bank

    (b)

    Business

    (c)

    Debtor to the business

    (d)

    Creditor to the Business

  2. A bank reconciliation statement is prepared with the help of ___________.

    (a)

    Bank statement

    (b)

    Cash book

    (c)

    Bank statement and bank column of the cash book

    (d)

    Petty cash book

  3. When money is withdrawn from bank, the bank ____________.

    (a)

    Credits customer's account

    (b)

    Debits customer's account

    (c)

    Debits and credits customer's account

    (d)

    None of these

  4. Balance as per cash book is Rs. 2,000. Bank charge of Rs. 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?

    (a)

    Rs 1,950 credit balance

    (b)

    Rs 1,950 debit balance

    (c)

    Rs 2,050 debit balance

    (d)

    Rs 2,050 credit balance

  5. Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?

    (a)

    Rs 3,000 overdraft

    (b)

    Rs 3,000 favourable

    (c)

    Rs 1,000 overdraft

    (d)

    Rs 1,000 favourable

  6. 3 x 2 = 6
  7. What is meant by bank overdraft?

  8. State any two causes of disagreement between the balance as per bank column of cash book and bank statement.

  9. Give any two expenses which may be paid by the banker as per standing instruction.

  10. 3 x 3 = 9
  11. Give any three reasons for preparing bank reconciliation statement.

  12. Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?

  13. State the timing differences in BRS with examples.

  14. 2 x 5 = 10
  15. From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31st December, 2016.
    (a) Balance as per cash book Rs. 7,130.
    (b) Cheque deposited but not cleared Rs. 1,000
    (c) A customer has deposited Rs. 800 into the bank directly.

  16. From the following particulars of Siva and Company, prepare a bank reconciliation statement as on 31st December, 2017.
    (a) Credit balance as per cash book Rs. 12,000.
    (b) A cheque of Rs. 1,200 issued and presented for payment to the bank, wrongly credited in the cash book as Rs. 2,100. 
    (c) Debit side of bank statement was undercast by Rs.100.

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