DELHI PUBLIC SCHOOL- BOPAL, AHMEDABAD

ASSIGNMENT (2022- 23)

BANK RECONCILIATION STATEMENT
CLASS: XI
SUBJECT: ACCOUNTANCY DOS: 04-11-2022

1. Bank Reconciliation Statement is :

(a) A part of Pass Book (c) Cash book relating to cash column
(b) A statement prepared by bank (d) A statement prepared by all business
2. Bank reconciliation statement is prepared to.
(a) Ascertain the cash book balance (d) Reconcile balance as shown by cash book with
(b) Ascertain the bank balance that shown by the pass book
(c) Ascertain the overdraft balance
3. Unfavourable bank balance means :
(a) Credit balance in Cash Book (c) Debit balance in Cash Book
(b) Credit balance in Pass Book (d) Favourable balance in Cash Book
4. A Bank Reconciliation Statement is prepared to know the causes for the difference between :
(a) The balance as per cash column of Cash Book and the Pass book
(b) The balance as per bank column of Cash Book and the Pass Book
(c) The balance as per bank column of Cash Book and balance as per cash column of Cash Book
(d) None of the above
5. Bank reconciliation statement is prepared by :
(a) The Commercial Bank (c) The Auditor
(b) Businessman (d) None.
6. A bank reconciliation statement is a statement prepared to reconcile:
(a) Trial balance
(b) Profit as per books of account with the profit as per Income-tax returns
(c) Cash balance as per cash book with bank balance as per pass book
(d) Bank balance as per cash book with bank balance as per bank pass book
7. Debit balance in Bank Pass Book means :
(a) Bank Overdraft (c) Balance as per Cash Book
(b) Bank Balance (d) Total of Bank A/c
8. Credit balance in Bank Pass Book means :
 (a) Bank Overdraft
(b) Bank Balance of Cash Book
(c) Cash Balance as per Cash Book
(d) Total of Bank A/c
9. Which of these statements is true about a Bank Pass Book?
(a) Pass book is a copy of customer’s account in bank books
(b) Pass book contain a copy of customers current account in cash book
(c) Pass book contains a copy of cash column of customer of cash book
(d) Pass book contains a copy of bank column of the customer’s cash book
10. Entry in debit side of Bank Pass Book implies :
(a) Cheque payments (b) Cheque deposited dishonoured (c) Cash withdrawn (d) All of the above
11. When the balance as per cash book is the starting point, direct deposits by customer are :
(a) Added (b) Deducted (c) Added twice (d) None
12. When the balance as per pass book is the starting point, unpresented cheques are :
(a) Added (b) Deducted
(c) Added twice (d) None
13. When balance as per pass book is the starting point, interest allowed by bank is :
(a) Added (b) Deducted
(c) Added twice (d) None
14. Which of the following statements is true?
(a) Bank charges increase debit balance shown as per bank column of the cash book
(b) Bank charges increase debit balance as per bank pass book
(c) A credit sale is recorded in the cash book
(d) Bank reconciliation statement is prepared by a bank
15. Which of the following statements is false?
(a) When the bank column of a cash book shows a credit balance, it means an amount is due to the bank
(b) When pass book shows a debit balance, it means overdraft as per passbook
(c) While preparing bank reconciliation statement, cheques paid into bank but not yet cleared are deducted
from the debit balance as per cash book to arrive at the balance as per passbook
(d) A bank reconciliation statement is a part of passbook
16. Which of the following items is not a reason for difference between bank balance as per cash book
and pass book?
(a) Omission of a contra entry in cash book (b) Cheques deposited but not yet cleared

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 (c) Omission of an entry in cash column of cash book (d) Cheques issued but not yet presented
17. Under Bank reconciliation statement while adjusting the cash book.
(a) All the errors and omissions in the passbook are taken into consideration
(b) Delays in recording in the passbook due to difference in timing are taken into consideration
(c) All the errors and omission in the cash book are taken into consideration
(d) All of the above
18. Which one of these is not a cause of difference in balance as per pass book and as per cash book ?
(a) Errors in cash book (b) Errors in pass book
(c) Cheques deposited and cleared
(d) Cheques issued but not presented for payment
19. Bank reconciliation statement is prepared with either balance of.
(a) Pass book (b) Cashbook (c) Both (a) or (b) (d) None of the above
20. Which of these types of errors are not detected during Bank Reconciliation’ :
(a) Cash embezzlement by cashier
(b) Cheques deposited but not credited by bank
(c) Casting mistakes in bank column of cash book
(d) Interest or commission charged by the bank not accounted in cash book
21. In arriving at adjusted cash balance which of the following is not taken into account
(a) Amount deposited by our customer directly in our account (b) Errors in the Cash Book (c) Errors in the
Pass Book (d) All of these

ANSWER THE FOLLOWING(4/5/6MARK)

1.From the following particulars, prepare a bank reconciliation statement as on 31st December; 2020 :
(i) Balance as per cash book Rs. 1,14,400.
(ii) Three cheques for Rs. 11,250, Rs. 1,870 and Rs. 1,350 issued in December were presented for payment in
January, 2021.
(iii) Two cheques of Rs. 11,500 and Rs. 1,850 sent for collection but no collection was made during the years.
(iv) The bank charged Rs. 180 for commission and allowed Rs. 1,170 for interest.

2. On 31 st December the pass-book of a merchant shows the credit balance to be Rs. 33,570.
The cheques and drafts sent to the bank but not collected and credited amounted to Rs. 1,790
And three cheques drawn for Rs. 1,300. Rs. 1,150 and Rs. 1,200 respectively were not presented for payment
till 31st January next year.
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Bank has paid a bills payable amounting to Rs 4,000 but it has not been entered in the cash book
The bank has charged Rs. 113 as its commission for collecting outstation cheques and has allowed interest Rs.
110 on the trader’s balance.
Prepare a bank reconciliation statement and show the balance as shown by the cash book.

3.From the following particulars ascertain the balance that would appear in the bank pass book of Sh Bhola
Nath on 31st December,2018:
(i) The bank overdraft as per cash book on December 31, 2018 Rs. 12,680.
(ii) Interest on overdraft for 6 months ending December 31, 2018, Rs.320 is entered into the pass book.
(iii) Bank charges of Rs. 60 for the above period are debited in the pass book.
(iv) Cheques issued but not presented prior to December2018, amounted to Rs. 2,336.
(v) Cheques paid into the bank but not cleared before December 31, 2018 were for Rs 4,340
(vi) Interest on investments collected by the bank and credited in the pass book, Rs. 2,400.
Ans. Overdraft as per pass book = Rs. 12,664

4. On 31st December, 1999 the bank pass book of Naresh & Co. showed an overdraft of Rs. 10,700. From the
following particulars, prepare a bank reconciliation statement:
(a) Cheques issued before 31-12-1999 but presented for payment after that date amounted to Rs. 900.
(b) Cheques paid into the bank but not collected and credited until 31-2-1999 amounted to Rs. 2,200.
(c) Interest on overdraft amounting to Rs. 1,200 did not appear in the cash book.
(d) Rs. 5,000 being interest on investment collected by the bank and credited in the pass book were not shown
in the cash book.
(e) Bank charges of Rs. 50 were riot entered in the cash book.
(f) Rs. 800 in respect of a dishonoured cheque were entered in the pass book but not in the cash book.
Overdraft balance as per cash book = Rs. 12,350