NCERT Class 11 Chapter 5 Accountancy Bank Reconciliation Statement MCQ

NCERT Class 11 Chapter 5 Accountancy Bank Reconciliation Statement MCQ | Questions & Answers: Go through this article to enhance your knowledge about the Class 11 Chapter 5 Accountancy Bank Reconciliation Statement Concept. Here we have provided MCQ quiz, do attempt it and know how many marks you have scored at last.

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1. Credit balance as per pass book is?

A. Unfavorable balance

B. Favorable balance

C. Both a & b

D. None

2. The balance on the debit side of the bank column of cash book indicates?

A. The total amount has drawn from the bank

B. Cash at bank

C. The total amount overdraft in the bank

D. None of above

3. Which of the following would not affect bank reconciliation?

A. Dishonored cheque

B. Discount received

C. Bank interest

D. Check not presented

4. When cash is deposited into bank then the following account would be debited in the company accounts?

A. Cash account

B. Overdraft account

C. Bank account

D. None

5. Overdraft means _______ balance of Cash Book.

A. closing

B. debit

C. opening

D. credit

6. A statement which is used to reconcile the bank balance as per cash book and bank statement is called:

A. Financial Statement

B. Bank Reconciliation Statement

C. Bank Statement

D. Income Statement

7. Debiting an entry in Cash Book ___________ cash balance.

A. increases

B. decreases

C. nullifies

D. none of the above

8. A pass book is a copy of

A. A customer’s account in the bank’s books

B. Cashbook relating to bank column

C. Cashbook relating to cash column

D. Firm’s receipts and payments

9. Bank reconciliation statement is prepared by:

A. Banker

B. Accountant

C. Auditor

D. None of these

10. Any decrease in the bank balance is recorded on ____ side of Cash Book and in ____ Column of Pass Book.

A. Debit; Credit

B. Credit; Debit

C. None of the given options

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11. Bank gives overdraft facility to __________ account holder.

A. savings

B. recurring

C. current

D. fixed.

12. An unadjusted balance in cash book is because of the result of which error?

A. Deposit in transit

B. The omission of Bank charges

C. Outstanding checks

D. Unpresented checks

13. The main purpose of preparing a bank reconciliation statement is?

A. To know the bank balance

B. To know the balance of bank statement

C. To correct the cash book

D. To identify causes of difference between cash book and bank statement

14. In cash book bank charges recorded?

A. Credit side

B. Debit side

C. both a & b

D. None of them

15. Unpresented checks also referred to as

A. Bounced checks

B. Outstanding checks

C. Uncredited checks

D. Uncollected checks

16. When extract of Cash Book and Pass Book are given for common period, only _________ items are considered for preparation of Bank Reconciliation Statement.

A. uncommon

B. common

C. favorable

D. unfavorable.

17. Bank reconciliation represents:

A. Ledger

B. Journal

C. Statement

D. “a’ & ‘c’ Both

18. Bank reconciliation is not a?

A. Reconcile records

B. Memorandum statement

C. Ledger account

D. Procedure to provide cash book adjustments

19. Bank reconciliation statement is a:

A. Part of bank statement

B. Memorandum statement

C. Part of journal

D. Ledger Account

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

A. The balance as per cash column of the cash book and pass book

B. The balance as per bank column of the cash book and pass book

C. Both (a) and (b)

D. None of above

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21. When bank statement shows a debit balance, it means?

A. Overdraft balance as per cash book

B. Unfavorable balance as per cash book

C. Unfavorable balance as per bank book

D. None of the above

22. Uncollected checks are also known as?

A. Outstanding checks

B. Uncleared checks

C. Outstation checks

D. Outstation checks

23. Favorable balance means?

A. Credit balance in the cash book

B. Credit balance in Bank statement

C. Debit balance in cash book

D. both b and c

24. Balance shown in the balance sheet is

A. Cash book

B. Pass book

C. Adjusted cash book

D. None of these

25. Cash Book and Bank Statement show _______ Balance.

A. Credit

B. Debit

C. Opposite

D. None of the given options