Bank Reconciliation Statement -MCQ

1. A Bank Reconciliation Statement is prepared by :

(A) By Debtors (B) By Bank (C) Account holder in a bank (D) By Creditors

2. Bank Reconciliation statement is :

(A) An Account(B) A subsidiary book(C) Bank Column of the Cash Book

(D) A statement prepared to reconcile cash book and pass book balance

3. Bank Reconciliation statement is prepared on :

(A) At the end of each month(B) At the end of the year

(C) On a certain date(D) Before the preparation of final accounts

4. Objective of preparing a Bank Reconciliation Statement is :

(A )To find out the balance of Cash Book(B)To find out the bank balance

(C) To reconcile the cash balance of cash book(D) To reconcile the bank balance of cash book with
the balance of pass book

5. A bank reconciliation statement is prepared with the help of:

(A) Pass book and Cash Column of cash book(B) Pass book and bank column of cash book

(C) Cash and bank column of cash book(D) None of the above

6. A bank reconciliation statement is :

(A) A part of cash book(B) A part of pass book(C) A statement prepared by the bank

(D) A statement prepared by a customer

7. A bank reconciliation statement is prepared with the balance of:

(A) Cash Book(B) Pass Book (C) Either Cash Book or Pass Book

(D) either Cash Book nor Pass Book

8. A bank reconciliation statement is prepared to ascertain the causes of

differences between:

(A) The balance as shown by the cash column of Cash Book with the balance

of the Pass Book(B) The balance as shown by the bank column of Cash Book with the balance

of the Pass Book(C) The balance as shown by the cash column of the Cash Book with that

shown by its bank column(D) The balance as shown by the Cheque Book and Pass Book

9. A bank reconciliation statement is prepared by :

(A) Bank(B) Customers of the Bank(C) Creditors(D) Auditor

10. Pass book is a copy of :

(A) Bank transactions in the cash book(B) Receipts and Payments of the business

(C) Customer's account prepared by the bank(D) All cash and bank Transactions

11. Debit balance of cash book means :

(A) Positive i.e. Favourable Balance(B) Negative i.e. Unfavourable Balance

(C) Either Positive or Negative Balance(D) None of the above

12. Credit balance of cash book means:

(A) Positive i.e. Favourable Balance(B) Negative i.e. Unfavourable Balance

(C) Either Positive or Negative Balance(D) one of the above

13. Debit balance of pass book means:

(A) Positive i.e. Favourable Balance(B) Negative i.e. Unfavourable Balance

(C) Either Positive or Negative Balance(D) None of the above

14. Credit balance of pass book means:

(A) Positive i.e. Favourable Balance(B) Negative i.e. Unfavourable Balance

(C) Either Positive or Negative Balance(D) None of the above

15. Favourable bank balance means:

(A) Debit Balance in the Cash Book(B) Credit Balance in the Pass Book

(C) Debit Balance in the Pass Book(D) Both A and B

16.Unfavourable bank balance means:

(A) Credit Balance in the Cash Book(B) Credit Balance in the Pass Book

(C) Debit Balance in the Cash BookD) Favourable Balance in the Cash Book

(17).Unfavourable or Overdraft bank balance means:

IA) Credit Balance in the cash book(B) Debit Balance in the Pass Book

(C) Credit Balance in the Pass Book D) Both A and B

18. Bank reconciliation statement is prepared with the help of .

(A) Balance as per Cash Book(B) Balance as per Pass Book

(C) Balance as per Cash Book or Pass Book(D) None of the above

19. If bank reconciliation statement is prepared from the Debit balance of Cash

Book, we will get :

(A) Credit Balance as per Pass Book(B) Debit Balance as per Pass Book

(C) Credit Balance as per Cash Book(D) None of the Above

20. If bank reconciliation statement is prepared from the debit balance of Pass

Book, we will get :

(A) Debit Balance as per Cash Book(B) Credit Balance as per Cash Book

(C) Credit Balance as per Pass Book (D)one of the above

21. Bank balance is always considered as positive, if it is:

(A) Balance as per Cash Book (B) Debit Balance as per Cash Book

(C) Credit Balance as per Pass Book (D) All of the above

22. Which of the following balance is true, Given:

(i) Dr. Balance as per Cash Book RS.32,000; (ii) Cheques sent for collection but not yet collected
RS.10,000;· (iii) Cheques issued but not yet presented for payment RS.12,000

(A) Dr. Balance as per Pass Book RS.34,000 (B) Cr. Balance as per Pass Book RS.30,000

(C) Cr. Balance as per Pass Book RS.34,000 (D) Dr. Balance as per Pass Book RS.30,000

23. Which of the following balance is true, Given:

(i) Dr. Balance as per Cash Book Rs. 40,000;(ii) Cheque deposited into bank for Rs.25,000 but
cheques of only Rs.16,000 were credited by bank :

(A) Rs.56,000 (B) Rs 24,000 (C) Rs 49,000 (D) Rs 31,000

24. Which of the following balance is true, Given:

(i) Dr. Balance as per cash Book Rs 25,000; (ii) Cheques issued for Rs.8,000 out of which cheques of
only Rs.4,000 were presented for payment :

(A) Rs 39,000 (B) Rs 1l,000 (C) Rs 29,000 (D)Rs. 21,000

25. Which of the following balance is true :

(i) Dr. Balance as per Cash Book Rs.20,000 (ii) Bank charges charged by bank Rs.200;

(iii) Direct deposit by a customer in our bank account Rs.15000.

(A) Rs. 5,200 (B) 34,800 (C) Rs.35,200 (D) Rs.4,800

26. Which of the following is true :

(i) Overdraft as per Cash Book Rs. 48,000 (ii) Cheques deposited for Rs.20,000, of which cheques for
Rs.8,000credited by bank

(iii) Interest on overdraft debited by bank Rs.3,000

(A) Rs.37,000 (B) Rs.33,000 (C) Rs. 59,000 (D) Rs.63,000

27. Which of the following is true :

(i) Overdraft as per cash book Rs.22,000(ii) Cheques of Rs. 8,800 were issued out of which cheques of
Rs.3300 were notpresented for payment(iii) Interest on Investments credited in the pass book
Rs.2,000
(A) Rs.27,300 (B) Rs.16,700 (C) Rs. I4,5OO(D) Rs.29,5OO

28. Which of the following is true :

(i) Overdraft as per Cash Book Rs. 2o,ooo(ii) Out of cheques of Rs.8,000 issued, cheques amounting
to Rs.5,800 werepresented for payment(iii) Out of cheques deposited for Rs.IO, OOO, cheques for
Rs.6,000 were not collected:

(A) Rs.16,200(C) Rs.23,800(B) Rs.21,800(D) Rs.I8,200

29. Which of the following is true :

(i) Overdraft as per Cash Book Rs.15,OOO(ii) Cheque deposited but dishonoured Rs.1,200

(iii) Cheque received from a customer, although entered in the cash book, wasnot sent to bank
Rs.2,420.

(A) Rs.18,620(B) (B) Rs.11,380(C) Rs.I3,780(D) Rs.I5,920

30. Which of the following is true :

(i) Overdraft as per Pass Book Rs.10,000(ii) Cheque drawn for Rs.8,000, of which cheques for
Rs.3,000 were cashed(iii) Cheques paid in for collection Rs.5O,OOO,of which cheques for Rs.22,800

were not credited

(A) Dr. Balance as per Cash Book Rs.7,800(B) Overdraft Balance as per Cash Book Rs. 7,800

(C) Dr. Balance as per Cash Book Rs.12,200(D) Overdraft Balance as per Cash Book) Rs.27,800