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Published on: 13/05/2022
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Questions + Answers key
Take MCQ Accountancy Test
1.
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?
Rs. 3,000 overdraft
Rs. 3,000 favourable
Rs. 1,000 overdraft
Rs. 1,000 favourable
2.
Which of the following is not the salient feature of bank reconciliation statement?
Any undue delay in the clearance of cheques will be shown up by the reconciliation
Reconciliation statement will discourage the accountant of the bank from embezzlement
It helps in finding the actual position of the bank balance
Reconciliation statement is prepared only at the end of the accounting period
3.
A bank reconciliation statement is prepared to know the causes for the difference between:
The balance as per the cash column of the cash book and bank column of the cash book.
The balance as per the cash column of the cash book and bank statement
The balance as per the bank column of the cash book and the bank statement.
The balance as per petty cash book and the cash book
4.
5.
A bank reconciliation statement is prepared by ______.
Bank
Business
Debtor to the business
Creditor to the Business
1.
(b)
Rs. 3,000 favourable
2.
(d)
Reconciliation statement is prepared only at the end of the accounting period
3.
(c)
The balance as per the bank column of the cash book and the bank statement.
4.
(a)
5.
(b)
Business
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Tamilnadu Stateboard 11th Standard Subjects
Maths
Commerce
Economics
Biology
Business Maths and Statistics
Accountancy
Computer Science
Physics
Chemistry
Maths
Biology
Economics
Physics
Chemistry
History
Business Maths and Statistics
Computer Science
Accountancy
Computer Applications
History
Computer Technology
Commerce
Computer Applications
Computer Technology
Tamil
English
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Tamilnadu Stateboard Standards
