Bank Reconciliation Statement
Commerce ⇒ Accountancy
Bank Reconciliation Statement starts at 11 and continues till grade 12.
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A cheque of ₹2,500 deposited was omitted to be entered in the cash book. What adjustment is required in the Bank Reconciliation Statement?
A cheque of ₹3,000 issued to a supplier was not presented for payment. How will this be shown in the Bank Reconciliation Statement if starting with the cash book balance?
A cheque of ₹4,000 deposited was credited by the bank as ₹400. What adjustment is required in the Bank Reconciliation Statement?
A cheque of ₹5,000 deposited by you is dishonoured but no entry is made in the cash book. What adjustment is required in the Bank Reconciliation Statement?
Describe the effect of an error of recording a deposit twice in the cash book on the Bank Reconciliation Statement.
Describe the steps involved in preparing a Bank Reconciliation Statement.
Explain the effect of a cheque deposited but not yet credited by the bank on the balances of cash book and pass book.
Explain the effect of an error of recording a withdrawal twice in the cash book on the Bank Reconciliation Statement.
Explain the need for preparing a Bank Reconciliation Statement.
Explain the treatment of bank charges not yet entered in the cash book while preparing a Bank Reconciliation Statement.
Explain the treatment of direct deposits by customers not yet entered in the cash book while preparing a Bank Reconciliation Statement.
If the balance as per cash book is ₹10,000 and a cheque of ₹2,000 issued has not yet been presented, what will be the balance as per pass book?
If the balance as per pass book is ₹8,000 and a cheque of ₹1,500 deposited is not yet credited, what is the balance as per cash book?
If the cash book shows a debit balance of ₹7,000 and there are unpresented cheques of ₹2,000, what is the balance as per pass book?
If the pass book shows an overdraft of ₹2,000 and a cheque of ₹500 issued has not yet been presented, what is the overdraft as per cash book?
List any three causes of differences between the cash book and pass book balances.
List any two errors that may occur in the cash book leading to differences in balances.
What is a Bank Reconciliation Statement?
