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Account M.C.Q (1 Marks)

Bank Reconciliation Statement · CBSE STD 11 Commerce (CBSE - English Medium). 14 questions.

Questions

M.C.Q (1 Marks)

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14 questions · timed · auto-graded

MCQ 11 Mark
A bank reconciliation statement is:
  • A
    A part of Cash Book.
  • B
    A part of Pass Book.
  • C
    A statement prepared by the bank.
  • ✓
    A statement prepared by a customer.
Answer
Correct option: D.
A statement prepared by a customer.
A statement prepared by a customer.
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MCQ 21 Mark
A bank reconciliation statement is prepared by:
  • A
    Bank.
  • ✓
    Customers of the bank.
  • C
    Creditors.
  • D
    Auditor.
Answer
Correct option: B.
Customers of the bank.
Customers of the bank.
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MCQ 31 Mark
Find out the Bank Balance as per Cash Book from the following particulars:
Overdraft as per Pass Book = ₹ 5,000.
Cheques deposited into the bank but not credited = ₹ 2,000
  • A
    Favourable Balance = ₹ 3,000
  • ✓
    Overdraft = ₹ 3,000
  • C
    Favourable = ₹ 7,000
  • D
    Overdraft = ₹ 7,000
Answer
Correct option: B.
Overdraft = ₹ 3,000
Overdraft = ₹ 3,000
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MCQ 41 Mark
A bank reconciliation statement is prepared with the balance of:
  • A
    Cash Book.
  • B
    Pass Book.
  • ✓
    Either Cash Book or Pass Book.
  • D
    Neither Cash Book nor Pass Book.
Answer
Correct option: C.
Either Cash Book or Pass Book.
Either Cash Book or Pass Book.
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MCQ 51 Mark
A Pass Book is a copy of:
  • ✓
    A customer's account in the bank's books.
  • B
    Cash Book relating to bank column.
  • C
    Cash Book relating to cash column
  • D
    Firm's receipts and payments.
Answer
Correct option: A.
A customer's account in the bank's books.
A customer's account in the bank's books.
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MCQ 61 Mark
Payment done by the account holder through issuing a cheque is entered in:
  • A
    The Pass Book at the time of issuing the cheque.
  • B
    The Pass Book at the time of presenting the cheque to the bank for payment.
  • C
    The Cash Book at the time of issuing the cheque.
  • ✓
    Both (b) and (c).
Answer
Correct option: D.
Both (b) and (c).
Both (b) and (c).
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MCQ 71 Mark
Which of the following is not a part of Double Entry System?
  • A
    Cash Book.
  • B
    Trial Balance.
  • C
    Journal.
  • ✓
    Bank Reconciliation Statement.
Answer
Correct option: D.
Bank Reconciliation Statement.
Bank Reconciliation Statement.
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MCQ 81 Mark
Overdraft as per Cash Book is ₹ 10,000. Cheques deposited but not credited ₹ 2,500. Cheques issued but not encashed ₹ 3,500. What is the balance as per Pass Book?
  • A
    Balance ₹ 9,000
  • ✓
    Overdraft ₹ 9,000
  • C
    Overdraft ₹ 11,000
  • D
    Balance ₹ 11,000
Answer
Correct option: B.
Overdraft ₹ 9,000
Overdraft ₹ 9,000
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MCQ 91 Mark
Unfavourable bank balance means:
  • ✓
    Credit balance in the Cash Book.
  • B
    Credit balance in the Pass Book.
  • C
    Debit balance in the Cash Book.
  • D
    Favourable balance in the Cash Book.
Answer
Correct option: A.
Credit balance in the Cash Book.
Credit balance in the Cash Book.
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MCQ 101 Mark
A bank reconciliation staternent 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.
  • ✓
    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.
Answer
Correct option: B.
The balance as shown by the bank column of Cash Book with the balance of the Pass Book.
The balance as shown by the bank column of Cash Book with the balance of the Pass Book.
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MCQ 111 Mark
Bank charges ₹ 5,000 debited twice in pass book. What should be done in BRS if overdraft as per cash book is starting point?
  • A
    ₹ 5,000 must be deducted.
  • ✓
    ₹ 5,000 must be added.
  • C
    ₹ 10,000 must be deducted.
  • D
    ₹ 10,000 must be added.
Answer
Correct option: B.
₹ 5,000 must be added.
₹ 5,000 must be added.
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MCQ 121 Mark
The credit balance as per Cash Book is ₹ 1,500. Cheques for ₹ 400 were deposited but were not collected. The cheques issued but not presented were ₹ 100, ₹ 125 and ₹ 350. Balance as per Pass Book will be:
  • A
    ₹ 1,100 Debit.
  • ✓
    ₹ 1,625 Debit.
  • C
    ₹ 2,175 Credit.
  • D
    ₹ 1,625 Credit.
Answer
Correct option: B.
₹ 1,625 Debit.
₹ 1,625 Debit.
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MCQ 131 Mark
Which of the following transactions will result in higher balance in the barik. column of Cash Book in comparison to Pass Book?
  • A
    Cheques issued but not presented for payment.
  • B
    Interest allowed by bank.
  • C
    Bank charges entered twice in Cash Book.
  • ✓
    Cheques paid into bank for collection but not yet credited.
Answer
Correct option: D.
Cheques paid into bank for collection but not yet credited.
Cheques paid into bank for collection but not yet credited.
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MCQ 141 Mark
Which of the following will not be considered while preparing an Amended Cash Book?
  • A
    Cheques issued but not presented for payment.
  • B
    Cheques deposited but not credited by bank.
  • C
    Any wrong entry in the Pass Book.
  • ✓
    All of the above.
Answer
Correct option: D.
All of the above.
All of the above.
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