Tag: bank reconciliation statement
Questions Related to bank reconciliation statement
A Bank Reconciliation Statement is prepared by _________.
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creditors
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debtors
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business
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any of these
A bank reconciliation statement is generally prepared by the company accountant or book keeper to reconcile the closing balance of cash book (bank column) in own records as per the bank's records (pass book). Thus, it is prepared by the account holders or customers i.e business and not the bankers. It is normally prepared at the end of the month.
When businessman pays money to bank it is known as _________________.
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withdrawal
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deposit
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expenses
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liability
The bank is a keeper of our money and safeguards it also paying an interest.
Which of the following type of account can be opened with bank?
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Current Account.
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Savings Account.
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Fixed Deposit Account.
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Any of the above.
Depending upon the type of requirement a customer can open any of the given accounts with the bank.
A bank is an insitution which deals in ________.
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goods
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money
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issue of currency
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none of the above
A bank is an institution which deals in money. It facilitates the transactions of different types of business both small and large scale and even on an individual level. Even though banks deal in money still they are not empowered to issues currency. In India only the Reserve Bank of India (RBI) has the power to issue currency.
When businessman takes money from bank out of its account it is known as _________.
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withdrawal
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deposit
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expenses
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liability
The bank is a keeper of our money and safeguards it also paying an interest.
________ is a statement which is prepared as on a particular date to reconcile the bank balance as per cash book with balance as per pass book by showing all the causes of difference between the two.
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A bank statement
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A bank reconciliation statement
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Income Statement
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Position statement
Whenever money is deposited in bank or withdrawn from bank it is recorded in two places.
- The pass book maintained by the bank
- The cash book (bank column ) maintained by the account holder.
A bank reconciliation statement is a _________.
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part of cash book
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part of financial statements
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part of pass book
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none of the above
A Bank Reconciliation Statement is an independent statement prepared to reconcile the balance between the bank column of cash book and pass book.
A bank reconciliation statement is prepared by __________.
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creditors
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debtors
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bank
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account holder
Whenever money is deposited in bank or withdrawn from bank it is recorded in two places.
- The pass book maintained by the bank
- The cash book (bank column ) maintained by the account holder.
A bank reconciliation statement is a statement prepared to reconcile________.
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cash balance as per cash book and bank balance as per pass book
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bank balance as per cash book and bank balance as per pass book
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both (A) & (B)
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none of the above
Whenever money is deposited in bank or withdrawn from bank it is recorded in two places.
- The pass book maintained by the bank
- The cash book (bank column ) maintained by the account holder.
A bank reconciliation statement is prepared by _________.
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the bank
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the bank account holder
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the government
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all of the above
Whenever money is deposited in bank or withdrawn from bank it is recorded in two places.
- The pass book maintained by the bank
- The cash book (bank column ) maintained by the account holder.