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11th Standard Accounts Bank Reconciliation Statement English Medium Free Online Test One Mark Questions with Answer Key 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 with the help of ___________.

    (a)

    Bank statement

    (b)

    Cash book

    (c)

    Bank statement and bank column of the cash book

    (d)

    Petty cash book

  2. 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

  3. Which one of the following is not a timing difference?

    (a)

    Cheque deposited but not yet credited

    (b)

    Cheque issued but not yet presented for payment

    (c)

    Among directly paid into the bank

    (d)

    Wrong debit in the cash book

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

    (a)

    Bank statement

    (b)

    Bank overdraft

    (c)

    Cash overdraft

    (d)

    Cash book

  5. 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

  6. Preparation of bank reconciliation statement prevents_______________

    (a)

    frauds

    (b)

    profits

    (c)

    loss

    (d)

    thefts

  7. Interest will be charged for the amount overdrawn is____________

    (a)

    Overdraft

    (b)

    Profit

    (c)

    Loss

    (d)

    Income

  8. An amount of Rs.2000 is debited twice in the bank statement. What will the reflect when overdraft as per the cash book is the starting point________.

    (a)

    Rs.2000 will be deducted

    (b)

    Rs.2000 will be added

    (c)

    Rs.4000 will be deducted

    (d)

    Rs.4000 will be deducted

  9. When balance as per Cash Book is the starting point, to ascertain balance as per bank statement interest allowed by bank is

    (a)

    Subtracted

    (b)

    added

    (c)

    not adjusted

    (d)

    None of the above

  10. _____ is not possible to have unfavourable cash balance in the cash book.

    (a)

    Bank statement

    (b)

    Bank overdraft

    (c)

    Cash overdraft

    (d)

    Cash book

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