CBSE MCQ Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

MCQ Class 11 Accountancy Chapter 5 Bank Reconciliation Statement : MCQ Questions for Class 11 Accountancy with Answers PDF Free Download prepared here according to the latest CBSE RBSE and Other State Board syllabus and NCERT curriculum.

Page Contents

MCQ Class 11 Accountancy Chapter 5 Wise with answer and Free PDF Download

MCQ Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

Q1. Passbook is a copy of:

(i) Customer account
(ii) Bank column of cash book
(iii) Cash column of cash book
(iv) Receipts and payments

(i) Customer account

Q2. A bank reconciliation statement is prepared by

(i) Creditors
(ii) Bank
(iii) Account holder in a bank
(iv) Debtors

(iii) Account holder in a bank

Q3. Which of the following would not affect bank reconciliation?

(i) Dishonored cheque
(ii) Discount received
(iii) Bank interest
(iv) Check not presented

(ii) Discount received

Q4. A bank reconciliation statement is prepared by?

(i) Banker
(ii) Accountant of the business
(iii) Auditors
(iv) Registrar

(ii) Accountant of the business

Q5. Unfavourable bank balance means

(i) Credit balance in passbook
(ii) Credit balance in cash book
(iii) Debit balance in cash book
(iv) None of these

(ii) Credit balance in cash book

Q6. Unfavourable bank balances means:

(i) Credit balance in the cash book
(ii) debit balance in the pass book
(iii) Debit balance in the cash book
(iv) Favourable balance in the cash book

(ii) debit balance in the pass book

Q7. A statement which is used to reconcile the bank balance as per cash book and bank statement is called:

(i) Financial Statement
(ii) Bank Reconciliation Statement
(iii) Bank Statement
(iv) Income Statement

(ii) Bank Reconciliation Statement

Q8. Bank statement also called?

(i) Pass book
(ii) Cash book
(iii) Credit book
(iv) Debit book

(i) Pass book

Q9. When check is not paid by the bank, it is called?

(i) Honored
(ii) Endorsed
(iii) Dishonored
(iv) Both (i) and (ii)

(iii) Dishonored

Q10. Bank gives overdraft facility to __ account holder.

(i) savings
(ii) recurring
(iii) current
(iv) fixed.

(iii) current

Q11. Bank reconciliation statement is?

(i) Part of bank statement
(ii) Part of the cash book
(iii) A separate statement
(iv) a sub-division of journal

(iii) A separate statement

Q12. A bank reconciliation statement is mainly prepared for

(i) Reconcile the cash balance of the cash book
(ii) Reconcile the difference between the bank balance shown by the cash book and bank passbook
(iii) Both (i) and (ii)
(iv) None of these

(ii) Reconcile the difference between the bank balance shown by the cash book and bank passbook

Q13. Pass Book of the account holder is a copy of

(i) the bank columns in the Cash Book of the account holder.
(ii) the relevant account in the books of a bank.
(iii) the cash columns in the Cash Book of a customer.
(iv) None of the above.

(ii) the relevant account in the books of a bank.

Q14. The main purpose of preparing a bank reconciliation statement is?

(i) To know the bank balance
(ii) To know the balance of bank statement
(iii) To correct the cash book
(iv) To identify causes of difference between cash book and bank statement

(iv) To identify causes of difference between cash book and bank statement

Q15. Favorable balance means?

(i) Credit balance in the cash book
(ii) Credit balance in Bank statement
(iii) Debit balance in cash book
(iv) both (ii) and (iii)

(iv) both (ii) and (iii)

Q16. On the bank statement, cash deposited by the company is known as

(i) Credit
(ii) Debit
(iii) Liability
(iv) Expenses

(i) Credit

Q17. Unpresented checks also referred to as

(i) Bounced checks
(ii) Outstanding checks
(iii) Uncredited checks
(iv) Uncollected checks

(ii) Outstanding checks

Q18. A bank reconciliation statement is prepared by?

(i) Internal auditor
(ii) Business accountant
(iii) Businessman
(iv) All of These

(iv) All of These

Q1. A bank reconciliation statement is prepared with the balance

(a) Passbook
(b) Cash book
(c) Both passbook and cash book
(d) None of these

Q2. Passbook is a copy of:

(a) Customer account
(b) Bank column of cash book
(c) Cash column of cash book
(d) Receipts and payments

(a) Customer account

Q3. Bank reconciliation is not a?

(a) Reconcile records
(b) Memorandum statement
(c) Ledger account
(d) Procedure to provide cash book adjustments

Q4. 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

(b) Cash at bank

Q5. Bank statement also called?

(a) Pass book
(b) Cash book
(c) Credit book
(d) Debit book

(a) Pass book

Q6. 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

(d) To identify causes of difference between cash book and bank statement

(a) Part of bank statement
(b) Part of the cash book
(c) A separate statement
(d) a sub-division of journal

Q8. Uncollected checks are also known as?

(a) Outstanding checks
(b) Uncleared checks
(c) Outstation checks
(d) Both b & c

(b) Uncleared checks

Q9. 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

(b) Credit balance in Bank statement

Q10. Unfavorable balance means?

(a) Credit balance in the cash book
(b) Credit balance in Bank statement
(c) Debit balance in cash book
(d) Debit balance in petty cash book

(a) Credit balance in the cash book

Q11. Unfavourable bank balance means

(a) Credit balance in passbook
(b) Credit balance in cash book
(c) Debit balance in cash book
(d) None of these

(b) Credit balance in cash book

Q12. Favourable bank balance means :

(a) Credit balance in the cash book
(b) Credit balance in passbook
(c) Debit balance in the cash book
(d) Both (b) and (c)

(d) Both (b) and (c)

Q13. A bank reconciliation statement is mainly prepared for

(a) Reconcile the cash balance of the cash book
(b) Reconcile the difference between the bank balance shown by the cash book and bank passbook
(c) Both (a) and (b)
(d) None of these

(b) Reconcile the difference between the bank balance shown by the cash book and bank passbook

Q14. The main function of a commercial bank is to?

(a) Barrow and lend money
(b) Only barrow money
(c) Only lend money
(d) None of theses

(a) Barrow and lend money

Q15. When a cheque is returned by the bank showing some technical reason is known as?

(a) Honor of the cheque
(b) Balance of account
(c) Dishonor of the cheque
(d) None of these

Q16. The outstanding check is the missing entry of?

(a) Cash book
(b) Passbook
(c) both
(d) None

(b) Passbook

Q17. Directly collections of bank are to be _ in cash book?

(a) Dr
(b) Cr
(c) both
(d) None

(a) Dr

Q18. The cheque which is issued to creditor but is not presented for payment is called?

(a) Uncredited cheque
(b) Outstanding cheque
(c) Omitted cheque
(d) Dishonored cheque

(b) Outstanding cheque

Fill in the blanks

Q19. Passbook is a copy of ………………. as it appears in the ledger of the bank.

customer account

Q20. When money is withdrawn from the bank, the bank ……………… the account of the customer.

debit

Q21. Normally, the cash book shows a debit balance, passbook shows ……………….. balance.

credit

MCQ Questions for Class 11 Accountancy with Answers Chapter Wise PDF Download

MCQ Questions for Class 11 Accountancy: Financial Accounting

PDF Free Download for Telegram