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Bank Reconciliation Statement

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Questions

Question 1 Multiple Choice (Single Answer)

When a bank debits interest, it results in ________ in bank overdraft.

  1. no change
  2. a decrease
  3. an increase
  4. slight change
Question 2 Multiple Choice (Single Answer)

If a cheque received by a customer has not been paid to a bank, but duly entered in cash book, then

  1. passbook balance would be higher than cash book balance
  2. cash book balance would be higher than passbook balance
  3. there would be no difference in the two books
  4. None of these
Question 3 Multiple Choice (Single Answer)

The overdraft as per pass book is Rs. 3,245. A debit balance of Rs. 2,380 was recorded as Rs. 3,280 in the cash book and a debit entry of Rs. 3,500 was recorded on the credit side by error. Find the balance as per cash book.

  1. Rs. 4,645
  2. Rs. 1,855
  3. Rs. 11,115
  4. Rs. 9,345
Question 4 Multiple Choice (Single Answer)

If a cheque is deposited in the bank and not yet collected by bank, the pass book will show _____ balance as compared to the cash book.

  1. lower
  2. higher
  3. equal
  4. fluctuating
Question 5 Multiple Choice (Single Answer)

Dividend collected by banker on the behalf of customer will ______ the bank overdraft.

  1. increase
  2. decrease
  3. make no effect on
  4. sometimes make effect on
Question 6 Multiple Choice (Single Answer)

B.R.S. is a

  1. compulsory requirement
  2. statutory requirement
  3. voluntary requirement
  4. none of these
Question 7 Multiple Choice (Single Answer)

A wrong credit given by a banker to a customer will result in ______ balance in the cash book as compared to the pass book.

  1. lower
  2. higher
  3. equal
  4. fluctuating
Question 8 Multiple Choice (Single Answer)

When the balance as per cash book and pass book is the same, it means that

  1. there is definitely no error in the two books.
  2. there is no error in the cash book.
  3. there is no error in the pass book.
  4. there may still be some error in the two books.
Question 9 Multiple Choice (Single Answer)

Which of the following is true about B.R.S.?

  1. It is a part of financial statements.
  2. It is prepared by the bank.
  3. It is prepared by the account holder (business).
  4. It is never required at all.
Question 10 Multiple Choice (Single Answer)

A BRS helps to locate the differences between

  1. cash book, cash balance and bank balance.
  2. cash book, bank balance and pass book balance.
  3. pass book balance and bank statement.
  4. All of the above
Question 11 Multiple Choice (Single Answer)

If a cheque issued to supplier is not presented for payment to the bank, but wrongly shown in the cash column of cash book, then

  1. pass book balance will be higher than cash book balance
  2. cash book balance will be higher than pass book balance
  3. there would be no difference in the two books
  4. none of these
Question 12 Multiple Choice (Single Answer)

If the interest credited in the pass book by a bank on 31st March is debited in the cash book on 1st April, then

  1. pass book balance would be higher than cash book balance.
  2. cash book balance would be higher than pass book balance.
  3. there would be no difference in the two books.
  4. none of these
Question 13 Multiple Choice (Single Answer)

If a cheque received by a customer has not been paid to a bank, but duly entered in cash book, then

  1. passbook balance would be higher than cash book balance
  2. cash book balance would be higher than passbook balance
  3. there would be no difference in the two books
  4. None of these
Question 14 Multiple Choice (Single Answer)

Balance 'due' to a customer from bank means

  1. positive balance
  2. overdraft
  3. negative balance
  4. none of these
Question 15 Multiple Choice (Single Answer)

The entries recorded in the cash book are made by

  1. bank
  2. business
  3. government
  4. supplier
Question 16 Multiple Choice (Single Answer)

Which of the following errors can be corrected in the adjusted cash book?

  1. Entry posted twice in the cash book.
  2. Cheques deposited but not credited by the bank.
  3. Cheques issued but not presented for payment.
  4. Wrong credit given by the bank.
Question 17 Multiple Choice (Single Answer)

Bank charges adjusted twice in the cash book make the overdraft, as per cash book, 

  1. higher
  2. lower
  3. equal
  4. fluctuating
Question 18 Multiple Choice (Single Answer)

Overdraft as per the cash book on 31st March, 2009, was Rs. 20,000. It was found that the bank charges of Rs. 500 recorded in the cash book were not adjusted in the cash book, while other charges of Rs. 800 were recorded twice in the cash book. In addition, a cheque of Rs. 1000 discounted with bank for Rs. 980 was recorded without adjusting the discount. Calculate the pass book overdraft figures.

  1. Rs. 20,320
  2. Rs. 20,280
  3. Rs. 18,720
  4. Rs. 19,720
Question 19 Multiple Choice (Single Answer)

The balance as per the pass book is Rs. 9,750. A debit balance of Rs. 4,680 is recorded as Rs. 6,840 in the cash book and a credit entry of Rs. 3,500 on credit side is recorded on the debit side by error. Find the balance as per cash book.

  1. Rs. 14, 590
  2. Rs. 4, 910
  3. Rs. 590
  4. Rs. 18, 910
Question 20 Multiple Choice (Single Answer)

The balance as per the cash book was Rs. 3,520. A cheque of Rs. 12, 000 issued to a supplier was not recorded in the cash book, while a cheque of Rs. 3, 000 was deposited but dishonoured. Find the pass book balance.

  1. Rs. 11,480 overdraft
  2. Rs. 11,480 balance
  3. Rs. 5,480 overdraft
  4. Rs. 5,480 balance
Question 21 Multiple Choice (Single Answer)

The overdraft as per pass book is Rs. 3,245. A debit balance of Rs. 2,380 was recorded as Rs. 3,280 in the cash book and a debit entry of Rs. 3,500 was recorded on the credit side by error. Find the balance as per cash book.

  1. Rs. 4,645
  2. Rs. 1,855
  3. Rs. 11,115
  4. Rs. 9,345
Question 22 Multiple Choice (Single Answer)

Interest on overdraft is _________ by the bank in the pass book.

  1. credited
  2. debited
  3. not adjusted
  4. none of these
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