InstaQB

Home
Institutions
- Institutions
  
  Polytechnic Colleges
  
  Medical Colleges
  
  Arts & Science Colleges
  
  Universities
  
  Engineering Colleges
  
  Agricultural Colleges
  
  Research Institute
  
  Law Colleges
  
  Audiology and Speech Colleges
  
  Business & Management colleges
  
  Nursing colleges
  
  Hotel Management institutes
  
  Aeronautical Colleges
  
  Bachelor's Degree
Syllabus
Courses
Stateboard
- 12th Standard English Medium
  
  Maths
  
  Physics
  
  Chemistry
  
  Biology
  
  Computer Science
  
  Business Maths
  
  Economics
  
  Commerce
  
  Accountancy
  
  History
  
  Computer Applications
  
  Computer Technology
  12th Standard Tamil Medium
  
  உயிரியல்
  
  கணினி பயன்பாடுகள்
  
  கணினி அறிவியல்
  
  வணிகக் கணிதம்
  
  வணிகவியல்
  
  பொருளியல்
  
  கணிதவியல்
  
  வேதியியல்
  
  இயற்பியல்
  
  கணினி தொழில்நுட்பம்
  
  வரலாறு
  
  கணக்குப்பதிவியல்
  11th Standard English Medium
  
  Maths
  
  Commerce
  
  Economics
  
  Biology
  
  Business Maths
  
  Accountancy
  
  Computer Science
  
  Physics
  
  Chemistry
  
  Computer Applications
  
  History
  
  Computer Technology
  
  Bio - Zoology
  11th Standard Tamil Medium
  
  கணிதவியல்
  
  உயிரியல்
  
  பொருளியல்
  
  இயற்பியல்
  
  வேதியியல்
  
  வணிகக் கணிதம்
  
  கணினி அறிவியல்
  
  கணக்குப்பதிவியல்
  
  வணிகவியல்
  
  கணினி பயன்பாடுகள்
  10th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  9th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  8th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  7th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
ICSE/ISC
- Class XII
  
  Mathematics
  
  Physics
  
  Accountancy
  
  Biology
  
  History
  
  Geography
  
  Psychology
  
  chemistry
  
  Economics
  
  Computer Science
  
  Political Science
  
  Business Studies
  Class XI
  
  Accountancy
  
  Chemistry
  
  Mathematics
  
  Biology
  
  Geography
  
  Physics
  
  History
CBSE
- 12Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Geography
  
  Socialogy
  
  Business Studies
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  
  Home Science
  11Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Socialogy
  
  Business Studies
  
  Geography
  
  Home Science
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  10Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  Mathematics
  
  Economics
  
  Geography
  
  History & Civics
  
  Computer Application
  9Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  mathematics
  
  Computer Application
  
  Economics
  
  Geography
  
  History & Civics

11th Accountancy Weekly Test - 3 ( Bank Reconciliation statement )

MABS Institution

11th Accountancy Weekly Test - 3 ( Bank Reconciliation statement )-Aug 2020

Time : 1.00 Hours

Part - A

Multiple Choice Question - Answer All Question

Balance as per bank statement is Rs. 1,000. Cheque deposited, but not yet credited by the bank is Rs. 2,000. What is the balance as per bank column of the cash book?

Rs 3,000 overdraft
Rs 3,000 favourable
Rs 1,000 overdraft
Rs 1,000 favourable

A bank reconciliation statement is prepared by ___________.

Bank
Business
Debtor to the business
Creditor to the Business

________________can also be made through bank

Payments
Receipts
Both
None of these

When balance as per Cash Book is the starting poi _fstatement interest charged by Bank is:

Added
Subtracted
not adjusted
None of the above

Which of the following is not the salient feature of bank reconciliation statement?

Any undue delay in the clearance of cheques will be shown up by the reconciliation
Reconciliation statement will discourage the accountant of the bank from embezzlement
It helps in finding the actual position of the bank balance
Reconciliation statement is prepared only at the end of the accounting period

Bank overdraft is available only to the ____________holders.

Fixed Account
Joint Account
Current Account
Ledger Account

In recent times, the copy of the records can be obtained by the customer electronically, which is called _______________

E-Commerce
ATM
E-Statement
Electronic Commerce

Debit balance in the bank column of the cash book means ____________.

Credit balance as per bank statement
Debit balance as per bank statement
Overdraft as per cash book
None of the above

When the balance as per Cash Book is the starting point to ascertain balance as per bank statement, direct deposits by customers are

Added
Subtracted
not adjusted
None of these above

When the balance as per pass book is the starting point, direct payment by the banks are ___________.

added
subtracted
neither of the two

Bank reconciliation statement is_________.

Part of bank statement
Part of the cash book
a separate statement
A sub-division of journal

Uncollected cheques are also known as __________

outstanding cheques
Uncleared cheques
Outstation cheques
Both a & c

Bank reconciliation statement is prepared by the_____________.

bank
creditor of a business
customer of a bank

The bank statement shows on overdrawn balance of Rs 2,000. A cheque for Rs 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be

Rs 1500
Rs 2500(overdrawn)
Rs 500
Rs 3500

A bank statement is a copy of ____________.

Cash column of the cash book
Bank column of the cash book
A customer's account in the bank's book
Cheques issued by the business

Preparation of bank reconciliation statement prevents_______________

frauds
profits
loss
thefts

A bank reconciliation statement is prepared to know the causes for the difference between:

The balance as per the cash column of the cash book and bank column of the cash book
The balance as per the cash column of the cash book and bank statement
The balance as per the bank column of the cash book and the bank statement
The balance as per petty cash book and the cash book

When balance as per pass book is the starting point, interest allowed by bank is_______________.

subtracted
added
neither of the two

_______________can be prepared either from the balance as per cash book or bank statement.

Bank reconciliation statement
Financial Statement
Fund flow analysis
None of these

When the balance as per cash book is the starting point; direct deposits by the customers are_______

added
subtracted
neither of the two

___________is not possible to have unfavourable cash balance in the cash book.

Bank statement
Bank overdraft
Cash overdraft
Cash book

Debit balance in the Cash book means________________

Overdraft as per Pass book
Credit balance as per Pass book
Overdraft as per Cash book
None of these

If over draft asper cash book had been given and you are asked to prepare the balance asper passbook, in the cash of cheques issued but not presented for payment

Add with cash book balance
Deduct from cash book balance
Omit this transaction
None of these

_______________is simply a copy of the customer's account in the books of a bank.

Cash book
Bank Statement
Bank Account
None of these

When cheque is not paid by the bank it is called as_______

Honoured
Endorsed
Dishonoured
None of these

When money is withdrawn from bank, the bank ____________.

Credits customer's account
Debits customer's account
Debits and credits customer's account
None of these

Credit balance in the bank column of the cash book means

Credit balance as per bank statement
Debit balance as per bank statement
overdraft as per cash book
None of these above

When balance as per Cashbook is the starting point to ascertain balance as per Pass book interest charged by bank is__________________

added
subtracted
not adjusted
none of these

Which one of the following is not a timing difference?

Cheque deposited but not yet credited
Cheque issued but not yet presented for payment
Among directly paid into the bank
Wrong debit in the cash book

Which of the following error results in unadjusted cash book balanced?

Outstanding cheques
Unpresented Cheques
deposit in Transit
Omission of BanK Charges

A bank reconciliation statement is prepared by the____________

Customers
Bankers
Producers
Owners

When the balance as per Cash Book is the starting point to ascertain balance as per bank statement, direct payments by bank are:

Added
subtracted
not adjusted
None of the above

An amount of Rs.2000 is debited twice in the bank statement. What will the reflect when overdraft as per the cash book is the starting point________.

Rs.2000 will be deducted
Rs.2000 will be added
Rs.4000 will be deducted
Rs.4000 will be deducted

A time gap between the depositing of the ________________ and the collection by the bank.

cash
cheques
petty Cash
none of these

When balance as per Cash Book is the starting point, to ascertain balance as per bank statement interest allowed by bank is

Subtracted
added
not adjusted
None of the above

Comment

Add Comment

Tamilnadu Stateboardszs - Class