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- 1. Fill in the Blank
A statement showing reasons for differences between Cash Book and Pass book balances on a particular day is called _____________.
- 2. Fill in the Blank
Unfavourable balance as per Pass book is _________ balance.
- 3. Fill in the Blank
Favourable balance as per Pass book is _________ balance.
- 4. Fill in the Blank
Bank overdraft is ___________ balance as Pass Book.
- 5. Fill in the Blank
Bank Charges debited in pass book are recorded on the _________ side of Cash Book in Bank Column.
- 6. Fill in the Blank
Interest allowed by Bank is recorded on the _________ side of Cash Book in Bank Column.
- 7. Fill in the Blank
Amount directly deposited by customers into Bank but no information received will increase ________ book balance.
- 8. Fill in the Blank
___________ is the copy of trader’s account in the books of the Bank.
- 9. Fill in the Blank
While preparing Bank Reconciliation Statement with Pass book balance, if the debit side of Cash Book is overcasted by mistake the pass book balance should be ___________.
- 10. Fill in the Blank
If Bank Reconciliation Statement is prepared with Pass book Balance, the transactions which reduces the Cash book balance, Pass book must be _________ for the purpose of reconciliation.
- 11. Fill in the Blank
Cash Book shows a credit balance of Rs 7,500 , if there is no reconciliation the pass book will show __________ balance of Rs __________.
- 12. Fill in the Blank
Cash book overdraft is more than Pass Book overdraft, when payment side of Cash Book is ________.( Overcast / undercast)
- 13. Fill in the Blank
Cheque issued but returned due to technical error would _________ the overdraft as per Cash Book while preparing Bank Reconciliation Statement with overdraft as per Cash Book. (increase/decrease)
- 14. Fill in the Blank
Cheque issued recorded on the credit side of the Cash book in Cash Column would not affect the bank balance of ___________. ( Cash Book / Pass Book)
- 15. Fill in the Blank
Cheque issued and debited in the Pass Book but omitted to be recorded in Cash Book would _____________ the Cash book Balance. (Overcast/ undercast)
- 16. Multiple Choice
Bank Reconciliation Statement is prepared to reconcile cash book and pass book balances.
True
False
- 17. Multiple Choice
Bank Charges debited in pass book are recorded on the debit side of Cash Book in Bank Column.
True
False
- 18. Multiple Choice
Interest allowed by Bank is recorded on the Debit side of Cash Book in Bank Column.
True
False
- 19. Multiple Choice
Amount directly deposited by customers into Bank but no information received will increase Pass book balance.
True
False
- 20. Multiple Choice
When money is withdrawn from Bank, the bank credits the account of customer.
True
False
- 21. Multiple Choice
While preparing Bank reconciliation Statement, Pass book is compared with Cash balance of Cash Book.
True
False
- 22. Multiple Choice
If Bank reconciliation Statement is prepared with debit balance as per cash book, the balance that we arrive at in the end will be Credit balance as per Cash book.
True
False
- 23. Multiple Choice
If Bank Reconciliation Statement is prepared with Pass book Balance, the transactions which reduce the Cash book balance, Pass book must be increased for the purpose of reconciliation.
True
False
- 24. Multiple Choice
If Pass book is showing credit balances of Rs 8,000. A cheque deposited in Bank for Rs 2,000 returned dishonoured and the same cheque was not recorded in Cash Book earlier. The Cash Book will show debit balance of Rs. 800.
True
False
- 25. Multiple Choice
Statement that explains the causes of difference between cash-book and bank statement is called:
a) Bank statement
b) Financial statement
c) Income statement
d) Bank reconciliation statement
- 26. Multiple Choice
Bank reconciliation statement is prepared by:
a) Bank
b) Customer’s accountant
c) Auditors
d) None of the above
- 27. Multiple Choice
Bank statement is issued by:
a) Bank
b) Auditors
c) Depositor / Customer
d) None of the above
- 28. Multiple Choice
Bank reconciliation statement is:
a) Part of Bank statement
b) Memorandum statement
c) Part of journal
d) Ledger account
- 29. Multiple Choice
Cheques issued but not presented in the bank are called:
a) Un-presented cheques
b) Un-credited cheques
c) Un-collected cheques
d) Un-cleared cheques
- 30. Multiple Choice
Debit Balance as per Cash book shows:
a) Bank withdrawls are more than deposits.
b) Bank withdrawls are less than deposits
c) Bank deposits are less than withdrawls.
d) All of the above
- 31. Multiple Choice
Which of the following transaction will result in higher balance in the bank 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 each book.
(D) Cheques paid into bank for collection but not yet credited.
- 32. Multiple Choice
Cheques deposited but not collected will result in:
(A) Increasing the balance of pass-book when compared to cash-book.
(B) Increasing the balance of cash-book when compared to pass-book.
(C) Decrease the balance of pass-book when compared to cash-book.
(D) Both (B) and (C)
- 33. Multiple Choice
When cheques issued by the trader but not yet presented for payment will:
(A) Decrease the pass-book, and no affect on the cash-book.
(B) No affect on the pass-book, and decrease the cash-book.
(C) Both (A) and (B)
(D) None of the above.
- 34. Multiple Choice
. Cash Book of a trader shows a debit bank balance of Rs. 6400. While comparing it with PassBook, it was found that a cheque of Rs. 7200 issued was recorded on the debit side of CashBook. The Pass-Book balance at this point of time would be:
(A)Nil
(B) Rs. 8000 Cr.
(C)Rs. 8000 Dr.
(D) None of above
- 35. Multiple Choice
Amended Cash-Book includes:
(A)Errors in Cash-Book
(B)Errors in Pass-Book
(C)Both (A) & (B)
(D)None of the above
- 36. Multiple Choice
If Cash-Book (Bank Column) shows a balance of Rs. 10,000 and following were observed while comparing it with Pass-Book: A cheque of Rs. 1000 deposited in Bank but not recorded in Cash-Book and the payment side of Cash-Book was under cast by Rs. 100. The balance as per Pass-Book would be:
(A)Rs. 11,000
(B) Rs. 10,900
(C)Rs. 9,100
(D) Rs. 8,900
- 37. Multiple Choice
Which of the following is not a reason due to time difference on recording of the transactions while preparing bank reconciliation statement?
a) Unpresented cheques.
b) Uncollected cheques.
c) Payment side of cash book overcast.
d) Direct deposit by Customer into bank.
- 38. Multiple Choice
Which of the following is not a reason due to errors made by the business while preparing bank reconciliation statement?
a) Uncollected cheques.
b) Receipt side of Cash Book overcast
c) Cheques debited in Cash Book but not banked.
d) Bank Charges recorded twice in Cash Book.
- 39. Multiple Choice
When Bank Reconciliation Statement is prepared with Credit balance as per Pass Book, the Balance derived will be
a) Credit Balance as per Cash Book
b) Debit Balance as per Pass Book
c) Debit Balance as per Cash Book
d) Both (A) and (C)
- 40. Multiple Choice
Choose an item that will increase the credit balance of Pass Book but Cash Book Balance will remain unaffected till information is not received
a) Interest allowed by Bank
b) Directly deposited by customer into Bank
c) Rent Collected by Bank on our behalf
d) All of above.
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