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11th Standard Accounts Bank Reconciliation Statement English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Accountancy

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    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. 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

  3. 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

  4. 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

  5. ________________can also be made through bank

    (a)

    Payments

    (b)

    Receipts

    (c)

    Both

    (d)

    None of these

  6.  Bank reconciliation statement is_________.

    (a)

    Part of bank statement

    (b)

    Part of the cash book

    (c)

    a separate statement

    (d)

     A sub-division of journal

  7. When cheque  is not paid by the bank it is called as_______

    (a)

    Honoured

    (b)

    Endorsed

    (c)

    Dishonoured

    (d)

    None of these

  8. If any amount is directly deposited into the bank then__________.

    (a)

    Cash book will show less balance & bank book will show more

    (b)

    Cash book will show more balance & bank book will show less

    (c)

    Cash book will show double balance

    (d)

    Bank book will show double

  9. Credit 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 these above

  10. When balance as per Cash Book is the starting poi f statement interest charged by Bank is:

    (a)

    Added

    (b)

    Subtracted

    (c)

    not adjusted

    (d)

    None of the above

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