11th Standard Syllabus & Materials

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11th Standard English Medium Accountancy Subject Bank Reconciliation Statement Creative 2 Mark Questions with Solution Part - II

Published on: 30/06/2021

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Creative Questions in class 11 Accountancy Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

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Std: 11th Standard - Accountancy

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

On 3^rd, DecemberDinesh was asked to deposit cash of Rs. 1,000 in cash deposit machine in order to make a payment to one of the business' supplier. He credited the same in the bank column of the cash book.

Who prepares a bank statement?

What is Alternative Presentation?

What is E-Statement?

What is Bank Statement? (or) What is bank pass book?

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Answers Key:

Generic 2

5 x 2 = 10

Wrong debit in cash book is Rs. 2,500

The bank passbook or the bank statement of accounts is prepared by the bank

(i) Bank reconciliation statement can also be presented in an alternative method.
(ii) In such presentation, two columns are given, one to record items that increase the balance [plus items] and the other one to record items that decrease the balance [minus items].
(iii) Balances as per the cash book or bank statement are written as the starting balance.

(i) A bank may send a statement at regular intervals to its customers. It shows all the deposits, withdrawals and the balance available in its customer's account, on a certain date.
(ii) In recent times, the copy of the records can be obtained by the customer electronically, which is called E-statement.

Bank statement or bank pass book is simply a copy of the customer's account in the books of a bank.