Class XI - Accounts Semester Paper 2021

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Question 5. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance? (i) Cheques drawn but not cleared. *

1 point

Plus

Minus

Question 5. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance? (ii) Interest on Bank overdraft. *

1 point

Plus

Minus

Question 5. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance? (iii) Cheques paid into the bank but not collected. *

1 point

Plus

Minus

Question 5. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance? (iv) Interest on investments collected by the bank. *

1 point

Plus

Minus

Question 6. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance. (i) Cheques deposited but dishonored *

1 point

Plus

Minus

Question 6. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance. (ii)The receipt side of cash book overcast. *

1 point

Plus

Minus

Question 6. In which column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the cash book overdraft balance. (iii) Interest on overdraft. *

1 point

Plus

Minus

Question 7. While preparing Bank Reconciliation Statement from the debit balance of the Pass book Indicate whiter the following items be written in plus or Minus column. (I) Insurance Premium paid by the bank. *

1 point

Will be written in Plus Column

Will be written in Minus Column

Question 7. While preparing Bank Reconciliation Statement from the debit balance of the Pass book Indicate whiter the following items be written in plus or Minus column. (II) Interest and dividend collected by the bank. *

1 point

Will be written in Plus Column and Item No.

Will be written in Minus Column and Item No.

Question 7. While preparing Bank Reconciliation Statement from the debit balance of the Pass book Indicate whiter the following items be written in plus or Minus column. (III) Payment of ‘Bills Payable’ by the bank on behalf of the customer. *

1 point

Will be written in Plus Column

Will be written in Minus Column

Question 7. While preparing Bank Reconciliation Statement from the debit balance of the Pass book Indicate whiter the following items be written in plus or Minus column. (IV) Interest allowed by the bank *

1 point

Will be written in Plus Column

Will be written in Minus Column

Will be written in Minus Column and Item No.

Question 7. While preparing Bank Reconciliation Statement from the debit balance of the Pass book Indicate whiter the following items be written in plus or Minus column. (V) Cheques deposited into the bank but not yet cleared. *

1 point

Will be written in Plus Column

Will be written in Minus Column

Will be written in Minus Column and Item No.

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (I) Cheques Issued but not yet presented for payment. *

1 point

Plus

Minus

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (II) Cheques paid into the bank but not yet cleared. *

1 point

Plus

Minus

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (III) Dividend collected by the bank on customer’s investments. *

1 point

Plus

Minus

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (IV) Payment of club fee by the bank according to the standing instructions. *

1 point

Plus

Minus

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (V) Direct payment into the bank by a customer. *

1 point

Plus

Minus

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (VI) Any wrong entry on the debit side of the pass book. *

1 point

Plus

Minus

Question 8. While Preparing bank Reconciliation Statement from the balance of cash book indicate Whether the following items will be written in Plus or Minus column. (VII) Dishonour of the cheques deposited into the bank. Note : When it is not clearly stated in the question whether the cash book balance given at the Start is a debit or a credit balance, it will be treated as a debit balance. *

1 point

Plus

Minus

VERY SHORT ANSWER QUESTIONS Question 1. What is bank reconciliation statement? *

1 point

Bank reconciliation statement is a statement prepared mainly to reconcile the difference between the bank balance shown by the cash book and bank pass book.

Bank reconciliation statement is a statement prepared mainly to reconcile the difference between the bank account shown by the cash book and bank pass book.

Other:

Question 2. Find odd one out *

1 point

(i) Cheques issued but not yet presented for payment in the bank .

Cheque deposited directly into the account of the supplier

Cheque deposited directly by the customer

Question 3. Following are the point of importance of bank reconciliation statement except. *

1 point

A bank reconciliation statement locates the errors orb omissions that may have been committed either on the part of the customer or the bank. the errors so detected can be rectified accordingly.

It helps in keeping the track of the cheques which have been sent for collection

It facilitates preparation of revised cash book

NOTA

Question 4. What is meant by debit balance in Pass book? *

1 point

It means overdraft balance

It means unfavorable balance

It means negative balance

All of the above

Question 5. Which balances are called’ overdraft of cash book and pass book? *

1 point

Debit balance in pass book means overdraft.

credit balance in cash book

both a and b

NOTA

Question 6. Find the odd one out *

1 point

(i) Cheques issued or drawn but not yet presented for payment.

(ii) Interest allowed by bank not recorded in cash book.

cheque deposited and dishonored

Other:

Question 7 identify the item which are written in plus column while starting with debit balance of cash book. *

1 point

(i) Cheques paid into banks for collection ut not yet credited by bank.

(ii) Direct payment made by the bank according to the standing instructions of customers.

both a and b

NOTA

Question 8. items which written in plus column while starting with overdraft balance of cash Book. *

1 point

(i) Cheques issued or drawn but not yet presented for payment.

(ii) Interest allowed by bank not recorded in cash book.

both a and b

NOTA

Question 9. Name two items which are written in Minus column while starting with overdraft balance of Cash book. *

1 point

(i) Cheques paid into bank for collection but not yet credited by bank. (ii) Direct Payment made by the bank according to the standing instructions of customers.

Question 10. Name two items which are written in plus column while starting with overdraft balance of Pass book. *

1 point

(i) Cheques paid into bank for collection but not yet credited by bank. (ii) Bank Charges and commission charged by bank.

Question 11. Name two items which are written in minus column while starting with overdraft balance of Balance of pass book. *

1 point

(i) Cheques issued or drawing but not presented for payment. (ii) Amount directly deposited by customers in our bank account.

Question 12. Name two items which are written in Plus column while starting with credit balance of pass Book. *

1 point

(i) Cheques paid into bank for collection but not yet cleared by bank. (ii) Bank charges and commission charged by bank.

Question 13. Name two items which are written in Minus column while starting with credit balance of Pass book. *

1 point

(i) Cheques issued or drawn not but yet presented for payment. (ii) Amount directly deposited by customers in bank our bank account.

Question 14. Mention two items which are not recorded in an amended cash book. *

1 point

(i) Cheques deposited into bank but not yet credited by bank.(ii) Cheques issued but not yet presented for payment un the bank.

OBJECTIVES TYPE QUESTIONS(A) Select the most suitable alternative: 1. A bank reconciliation statement is: *

1 point

A part of cash book

A Part of Pass book

A statement prepared by the bank

A statement prepared by a customer

(A) 2. A Pass Book is a copy of *

1 point

A customer’s account in the bank ‘s books

Cash book relating to bank column

Cash book relating to cash column

Firm’s receipts and payments

(A) 3. A bank reconciliation statement is prepared with the balance of *

1 point

Cash Book

Pass Book

Either cash Book or Pass Book

Neither cash book nor Pass book

(A) 4. A bank reconciliation statement is prepared to ascertain the causes of differences between *

1 point

The balance as shown by the cash column of cash book with the balance of the Pass book

The balance as shown by the bank column of cash book with the balance of the pass book

The balance as shown by the cash column of the cash book with that shown by its bank Column

The balance as shown by the cheque book and pass book.

(A) 5. Unfavourable bank balance means *

1 point

Credit balance in the cash book

Debit balance in the cash book

Favourable balance in the cash book.

(A) 6. A bank reconciliation statement is prepared by *

1 point

Bank

Customers of the bank

Creditors

Auditor

(A) 7. Which of the following will not be considered while preparing an Amended cash book? *

1 point

Cheques issued but not presented for payment

Cheques deposited but not credit by bank

Any wrong entry in the pass book

All of the above

(A) 8. Which of the following transactions will result in higher balance in the bank column of cash Book in comparison to Pass Book? *

1 point

Cheques issued but not presented for payment

Interest allowed by bank

Bank charged entered twice in cash book but bot yet credited

Cheqes paid into bank for collection but not yet credited

(A) 9. Find out the bank balance as per cash book from the following particulars: (i) overdraft as per Pass Book= Rs5,000. (ii) Cheques deposited into the bank but not credited = Rs2,000 *

1 point

Favourable balance =Rs 3,000

Overdraft=Rs3,000

Favourable= Rs 7,000

Overdraft= Rs 7,000

(A) 10. Which of the following is not a part of Double Entry System? *

1 point

Cash book

Trial balance

Journal

Bank Reconciliation Statement

(A) 11. Overdraft as per cash book is Rs 10,000 cheques deposited but not credited Rs 2,500. Cheques Issued but not encashed Rs 3,500. What is the balance as per pass book? *

1 point

Balance Rs 9,000

Overdraft Rs 9,000

Overdraft Rs 11,000

Balance Rs11,000

(A) 12. The credit balance as per cash book is Rs 1,500. Cheques for Rs 400 were deposited but were not collected. The cheques issued but not presented were Rs 100, Rs 125 and Rs 50 Balance as per pass book will be: *

1 point

Rs 1,100 Debit

Rs 1,625 Debit

Rs 2,175 Credit

Rs1,625 Credit

(A) 13. Bank charges Rs5,000 debited twice in pass book. What should be done in BRS if overdraft as per cash book is starting point? *

1 point

Rs5,000 must be deducted

Rs5,000 must be added

Rs10,000 must be deducted

Rs10,000 must be added

(A) 14. Payment done by the account holder through issusing a cheque is entered in *

1 point

The Pass book at the time of issusing the cheque

The pass book at the time of presenting the cheque to the bank for payment

The cash book at the time of issuing the cheque

Both (b) and (c)

(B) Mention whether the following statements are true of false: (i) Debit balance in Pass book means overdraft. *

1 point

True

False

(B) (ii) Debit balance of the cash book and the credit balance of pass book carry the same meaning. *

1 point

True

False

(B) (iii) Bank column of the cash book always shows a debit balance. *

1 point

True

False

(B) (iv) Normally, if cash book shows a debit balance, pass book also shows a debit balance. *

1 point

True

False

(B) (v) Pass book and the bank statement are one and the same thing because both of them are the copy of customer’s ledger account maintained by bank. *

1 point

True

False

(B) (vi) Favourable bank balance as per cash Book will be iess than pass book balance when there are cheques issued but not presented for payment. *

1 point

True

False

(B) (vii) Wile starting with Pass book overdraft banks interest credit in the pass book is to be written in minus column. *

1 point

True

False

(B) (viii) Pass book overdraft is less than cash book overdraft when there are cheqes deposited but not collected by bank. *

1 point

True

False

(B) (ix) Cash book overdraft is more than pass book overdraft when the payment side of cash book is undercast. *

1 point

True

False

(B) (x) Wrong entry in the pass book will also be considered while preparing an amended cash book. *

1 point

True

False

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