Bank Reconciliation Statement One Mark Questions

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    10 x 1 = 10
  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. Debit balance in the bank column of the cash book means ____________.

    (a)

    Credit balance as per bank statement

    (b)

    Debit balance as per bank statement

    (c)

    Overdraft as per cash book

    (d)

    None of the above

  4. A bank reconciliation statement is prepared by the____________

    (a)

    Customers

    (b)

    Bankers

    (c)

    Producers

    (d)

    Owners

  5. Debit balance in the Cash book means________________

    (a)

    Overdraft as per Pass book

    (b)

    Credit balance as per Pass book

    (c)

    Overdraft as per Cash book

    (d)

    None of these

  6. When balance as per Cash book is the starting point, to ascertain balance as per Pass book interest allowed by bank is______________

    (a)

    subtracted

    (b)

    added

    (c)

    not adjusted

    (d)

    adjusted

  7. When balance as per Cashbook is the starting point to ascertain balance as per Pass book interest charged by bank is__________________

    (a)

    added

    (b)

    subtracted

    (c)

    not adjusted

    (d)

    none of these

  8. A bank pass book is a copy of_____________

    (a)

    the cash column of a customer's cash book

    (b)

    the bank column of a customer's cash book

    (c)

    the customer's account in the bank's ledger

    (d)

    none of these

  9. Preparation of bank reconciliation statement prevents_______________

    (a)

    frauds

    (b)

    profits

    (c)

    loss

    (d)

    thefts

  10. A time gap between the depositing of the ________________ and the collection by the bank.

    (a)

    cash

    (b)

    cheques

    (c)

    petty Cash

    (d)

    none of these

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