Q & A (New Pattern) - Bank Reconciliation statement For Departmental Exam Account & Finance
Question 1) Debit balance in the Pass Book means:
A) Favourable balance in the Cash Book
B) Unfavourable balance in the Cash Book
C) Favourable balance in the Pass Book
D) Unfavourable balance in the Pass Book.
Answer - D) Unfavourable balance in the Pass Book.
Question 2) Bank Reconciliation Statement is a
(A) Part of Cash Book
(B) Part of Bank Account
(C) Part of Financial statements
(D) None of the above.
Question 3) When balance as per Pass Book is the starting point, interest allowed by bank is
(A) Added
(B) Subtracted
(C) Not required to be adjusted
(D) None of the above
Answer - (B) Subtracted
Question 4) When the balance as per Cash Book is the starting point, direct deposit by customer:
A) Added
B) Subtracted
C) Not required to be adjusted
D) Neither of the two
Answer - A) Added
Question 5) Credit Balance in the Cash Book means:
A) Overdraft as per Pass Book
B) Credit balance as per Pass Book
C) Debit balance in the Cash Book
D) Neither of these.
Answer - A) Overdraft as per Pass Book
(A) Cash book
(B) Pass book
(C) Either Cash book or Pass book
(D) Neither cash book or pass book
Answer - (C) Either Cash book or Pass book
(A) Copy of banking transactions entered in the cash book
(B) Copy of the customers' ledger accounts maintained by the bank
(C) Record of all cash transactions
(D) Copy of firms receipts and payments.
Answer - (B) Copy of the customers' ledger accounts maintained by the bank
Question 8) Bank reconciliation statement is prepared by
(A) Bank's customers
(B) Bank
(C) Proprietor of the business
(D) Tax Authorities
Answer - (A) Bank's customers
Bank reconciliation statement
1D
2D
3B
4A
5A
6C
