BANK RECONCILIATION STATEMENT

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CHAPTER. BRS

Name of student

1. Bank Reconciliation statement is prepared by

1 point

Creditor

Debtor

Bank

Account Holder

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2 Which of the following is not a part of Double Entry System ?

1 point

Cash book

Trial Balance

Journal

Bank Reconciliation Statement

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3. 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

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4. A pass book is a copy

1 point

A customer's account is the bank's book

Cash book relating to bank column

cash book relating to cash column

Firm's receipts and payments.

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5, 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

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6 Unfavorable bank balance means

1 point

Credit balance in the cash book

credit balance in the pass book

debit balance in the cash book

Favorable balance

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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 credited by bank

Any wrong enry in the Pass Book

All of the above

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8. Which of the following transaction 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 charges entered twice in cash book

cheques paid into bank for collection but not yet credited

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Bank Reconciliation Statement is

1 point

a part of Cash Book

a part of Double Entry System

a part of pass book

an independent statement reconciling the balances as per cash book and pass book

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10. Payment done by the account holder through issuing a cheque is entered in

1 point

The pass book at the time of issuing 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)

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