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Bank Reconciliation Statement Model Question Paper

11th Standard

    Reg.No. :
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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Which of the following is not the salient feature of bank reconciliation statement?

    (a)

    Any undue delay in the clearance of cheques will be shown up by the reconciliation

    (b)

    Reconciliation statement will discourage the accountant of the bank from embezzlement

    (c)

    It helps in finding the actual position of the bank balance

    (d)

    Reconciliation statement is prepared only at the end of the accounting period

  2. _______________is simply a copy of the customer's account in the books of a bank.

    (a)

    Cash book

    (b)

    Bank Statement

    (c)

    Bank Account

    (d)

    None of these

  3. ___________is not possible to have unfavourable cash balance in the cash book.

    (a)

    Bank statement

    (b)

    Bank overdraft

    (c)

    Cash overdraft

    (d)

    Cash book

  4. _______________can be prepared either from the balance as per cash book or bank statement.

    (a)

    Bank reconciliation statement

    (b)

    Financial Statement

    (c)

    Fund flow analysis

    (d)

    None of these

  5. Preparation of bank reconciliation statement prevents_______________

    (a)

    frauds

    (b)

    profits

    (c)

    loss

    (d)

    thefts

  6. 5 x 2 = 10
  7. Bank reconciliation statement is prepared only ie., at the end of the year? Comment.

  8. Briefly explain the statement 'wrongly debited by the bank' with the help of an example.

  9. On 15th December, one of his customers made online payment to Magesh's current account, amounting to Rs1,000. There was no entry in the cash book for this.

  10. Dinesh received his salary in cash for Rs 5,000. He credited this amount in the bank column of cash book

  11. When can a bank reconciliation be prepared?

  12. 5 x 3 = 15
  13. 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?

  14. What will be the effect of interest charged by the bank, if the balance is an overdraft?

  15. What are the causes of difference between bank column of the cash book and bank statement?

  16. From the following information, prepare bank reconciliation statement to find out balance as per bank statement on 31st March 2017.

      Particulars Rs
    (i) Cheques deposited but not yet collected by the bank 500
    (ii) Cheque issued but not yet presented for payment 1,000
    (iii) Bank interest charged 100
    (iv) Rent paid by bank as per standing instruction 200
    (v) Cash book balance 300
  17. Observe the above format. Why the withdrawals are shown as debit and deposits are shown as credit in a bank statement?

  18. 4 x 5 = 20
  19. 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.

  20. On 31st March, 2017, Anand's cash book showed a balance of Rs. 1,12,500. Prepare ban reconciliation statement.
    a) He had issued cheques amounting to Rs. 23,000 on 28.3.2017, of which cheques amounting to Rs. 9,000 have so far been presented for payment.
    b) A cheque for Rs. 6,300 deposited into bank on 27.3.2017, but the bank credited the same only on 5th April 2017.
    c) He had also received a cheque for Rs. 12,000 which, although entered by him in the cash book, was not deposited in the bank."
    d) Wrong credit given by the bank on 30th March 2017 for Rs.2,000.
    e) On 30th March 2017, a bill already discounted with the bank for Rs. 3,000 was dishonoured, but no entry was made in the cash book.
    f) Interest on debentures of Rs. 700 was received by the bank directly.
    g) Cash sales of Rs. 4,000 wrongly entered in the bank column of the cash book.

  21. From the following particulars of Mr. Manikandan, prepare a Bank reconciliation statement as on March 31, 2017.
    a) The following cheques were paid into the firm's currentAlc in March but were credited by the bank in April: Anbu Rs 250, Balu Rs 350 and Chandru Rs 190.
    b) The following cheques were issued by the firm in March and were cashed in April : Prince Rs 250, Queen Rs 450 and Raja Rs 400.
    c) A cheque for Rs 100 which was received from a customer was entered in the bank column of the cash book in March but the same was paid into the bank in April.
    d) The pass book shows a credit of Rs 250 for interest and a debit of Rs 100 for bank charges.
    e) The balance as per cash book was Rs 18,000 as on 31.03.2017.

  22. From the following particulars of Mr. Jacob, ascertain the Bank Balance as per pass book on December 31, 2012.
    a) The Bank balance as per cash book was Rs 11,500 on December 31,2012.
    b) Cheques issued but not cashed before that date amounted to Rs 1,750.
    c) Cheques paid into Bank, but not cleared before December 31,2012 amounted to Rs 2,150.
    d) Interest on Investments collected by the Bank but not entered in the cash book amounted to Rs 275.
    e) Local cheque paid in but not entered in the cash book Rs 250.
    f) Bank charges debited in the pass book Rs 95.

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