MCQs of Bank Reconciliation Class 11 with Answers
MCQs of Bank Reconciliation Class 11 with Answers for CBSE, ISC and State Boards
Bank Reconciliation Statement is prepared so that the difference between the undermentioned balances can be reconciled:
(a) Difference between the balance in the bank and the cash balances
(b) Difference between the balances in the Bank Pass Book in the beginning and at the end.
(c) Difference between the Bank Pass Book and Cash Book balances.
(d) All of the above
Ans – (c)
Bank Pass Book of the account holder is a copy of
(a) the bank columns in the Cash Book of the account holder
(b) the account in the books of a bank
(c) the cash columns in the Cash Book of a customer
(d) All of the above
Ans – (b)
A Bank Reconciliation Statement is prepared by:
(a) By Debtors
(b) By Bank
(c) Account holder in a bank
(d) By Creditors
Ans – (c)
Bank Reconciliation Statement is:
(a) An Account
(b) A subsidiary book
(c) Bank Column of the Cash Book
(d) A statement prepared to reconcile cash book and pass book balance
Ans – (d)
Bank Reconciliation Statement is prepared
(a) to know the payments made through cheques
(b) to know the errors in the Bank Pass Book
(c) to compare the Cash Book balance with the Bank Pass Book balance and ascertain the difference
(c) All of the above
Ans – (c)
Bank Reconciliation is
(a) a part of Double Entry System
(b) not a part of Double Entry System
(c) a part Of Single Entry System
(d) None of these
Ans – (b)
Bank Reconciliation Statement is prepared on:
(a) At the end of each month
(b) At the end of the year
(c) On a certain date
(d) Before the preparation of final accounts
Ans – (c)
Objective of preparing a Bank Reconciliation Statement is:
(a) To find out the balance of Cash Book
(b) To find out the bank balance
(c) To reconcile the cash balance of cash book
(d) To reconcile the bank balance of cash book with the balance of pass book
Ans – (d)
Which of the following is true:
(i) Balance as per Pass Book ₹ 36,000
(ii) A cheque of ₹ 5,000 deposited into bank was omitted to be recorded in cash book
(iii) Receipt side of cash book was undercast by ₹ 100
(a) ₹ 40,900
(b) ₹ 31,100
(c) ₹ 41,100
(d) ₹ 30,900
Ans – (d)
Which of the following is true:
(i) Balance as per Pass Book ₹ 10,000
(ii) Cheque received and entered in the cash book but not sent to bank ₹ 1,200
(iii) Credit side of the cash book column cast short ₹ 200
(a) ₹ 11,000
(b) ₹ 9,000
(c) ₹ 11,400
(d) ₹ 8,600
Ans – (c)
Balance shown in the Balance Sheet is that of
(a) Cash Book
(b) Bank Pass Book
(c) Adjusted Cash Book
(d) None of these
Ans – (c)
A bank reconciliation statement is prepared with the help of:
(a) Pass book and Cash Column of cash book
(b) Pass book and bank column of cash book
(c) Cash and bank column of cash book
(d) None of the above
Ans – (b)
A bank reconciliation statement is:
(a) A part of cash book
(b) A part of pass book
(c) A statement prepared by the bank
(d) A statement prepared by a customer
Ans – (d)
Bank Reconciliation Statement is prepared by comparing
(a) entries in Bank Pass Book with entries in bank columns of Cash Book
(b) entries in Bank Pass Book with entries in cash columns of Cash Book
(c) entries in Bank Pass Book with entries in bank columns and cash columns of Cash Book
(d) All of the above
Ans – (a)
Which of the following will not be considered while preparing an Amended Cash Book:
(a) Cheques issued but not presented for payment
(b) Cheques deposited but not credited by bank
(c) Any wrong entry in the Pass Book
(d) All of the above
Ans – (d)
Which of the following transactions 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 Cash Book
(d) Cheques paid into bank for collection but not yet credited
Ans – (d)
A Bank Reconciliation Statement reconciles the
(a) Ledger with the Journal
(b) Petty Cash Book with the bank statement
(c) Day books with the bank statement
(d) Bank Statement with the Cash Book
Ans – (d)
Find out the Bank Balance as per Cash Book from the following particulars:
(i) Overdraft as per Pass Book = ₹ 5,000
(ii) Cheques deposited into the bank but not credited = ₹ 2,000
(a) Favourable Balance = ₹ 3,000
(b) Overdraft = ₹ 3,000
(c) Favourable = ₹ 7,000
(d) Overdraft = ₹ 7,000
Ans – (b)
Which of the following is not a part of Double Entry System?
(a) Cash Book
(b) Purchase Book
(c) Journal
(d) Bank Reconciliation Statement
Ans – (d)
Overdraft as per Cash Book is ₹ 10,000. Cheques deposited but not credited ₹ 2,500. Cheques issued but not encashed ₹ 3,500. What is the balance as per Pass Book?
(a) Balance ₹ 9,000
(b) Overdraft $ 9,000
(c) Overdraft ₹ 11,000
(d) Balance ₹ 11,000
Ans – (b)
A bank reconciliation statement is prepared with the balance of:
(a) Cash Book
(b) Pass Book
(c) Either Cash Book or Pass Book
(d) Neither Cash Book nor Pass Book
Ans – (c)
A bank reconciliation statement is prepared to ascertain the causes of differences between:
(a0 The balance as shown by the cash column of Cash Book with the balance of the Pass Book
(b) The balance as shown by the bank column of Cash Book with the balance of the Pass Book.
(c) The balance as shown by the cash column of the Cash Book with that shown by its bank column.
(d) The balance as shown by the Cheque Book and Pass Book
Ans – (b)
Bank Reconciliation Statement is started with
(a) Bank balance of the Cash Book
(b) Cash balance of the Cash Book
(c) Pass Book balance
(d) Bank balance of Cash Book of Pass Book balance
Ans – (d)
Debit balance in the Cash Book means
(a) Overdraft as per Pass Book
(b) Credit balance as per Pass Book
(c) Overdraft as per Cash Book
(d) None of these
Ans – (d)
A bank reconciliation statement is prepared by:
(a) Bank
(b) Customers of the Bank
(c) Creditors
(d) Auditor
Ans – (b)
Pass book is a copy of:
(a) Bank transactions in the cash book
(b) Receipts and Payments of the business
(c) Customer’s account prepared by the bank
(d) All cash and bank transactions
Ans – (c)
Which errors are not detected in Bank Reconciliation Statement?
(a) Cash embezzlement by Cashier
(b) Cheques deposited but not credited by Bank
(c) Totalling mistake in Bank Column of Cash Book
(d) Interest charged by the Bank not accounted in Cash Book
Ans – (a)
Debit balance of cash book means:
(a) Positive i.e. Favourable Balance
(b) Negative i.e. Unfavourable Balance
(c) Either Positive or Negative Balance
(d) None of the above
Ans – (a)
Credit balance of cash book means:
(a) Positive i.e. Favourable Balance
(b) Negative i.e. Unfavourable Balance
(c) Either Positive or Negative Balance
(d) None of the above
Ans – (b)
Which of the following will not require adjustment in the Cash Book balance?
(a) Error in Bank Pass Book
(b) Cheque issued but not presented for payment
(c) Cheque deposited but not cleared
(d) All of the above
Ans – (a)
Favourable balance as per Cash Book means
(a) Debit balance in the Bank Column of the Cash Book
(b) Debit balance in the Pass Book
(c) Credit balance in the Bank Column of the Cash Book
(d) None of the above
Ans – (a)
Debit balance of pass book means:
(a) Positive i.e. Favourable Balance
(b) Negative i.e. Unfavourable Balance
(c) Either Positive or Negative Balance
(d) None of the above
Ans – (b)
Credit balance of pass book means:
(a) Positive i.e. Favourable Balance
(b) Negative i.e. Unfavourable Balance
(c) Either Positive or Negative Balance
(d) None of the above
Ans – (a)
Bank Reconciliation Statement is prepared
(a) at the end of each week
(b) at the end of each month
(c) at the end of the accounting year
(d) whenever a bank statement is received
Ans – (d)
Favourable bank balance means:
(a) Debit balance in the Cash Book
(b) Credit balance in the Pass Book
(c) Debit Balance in the Pass Book
(d) Both A and B
Ans – (d)
Unfavourable bank balance means:
(a) Credit Balance in the Cash Book
(b) Credit Balance in the Pass Book
(c) Debit Balance in the Cash Book
(d) Favourable Balance in the Cash Book
Ans – (a)
Difference in the balances of Cash Book and the Pass Book can be because of
(a) error in recording the entries either in the Cash Book or Pass Book
(b) An entry being recorded in either of the book before the date of Bank Reconciliation and in the other book after the date of Bank Reconciliation
(c) Complete omission of an entry in Cash Book or Pass Book
(d) All of the above
Ans – (d)
Unfavourable or Overdraft bank balance means:
(a) Credit Balance in the cash book
(b) Debit Balance in the Pass Book
(c) Credit Balance in the Pass Book
(d) Both A and B
Ans – (d)
Bank reconciliation statement is prepared with the help of _ .
(a) Balance as per Cash Book
(b) Balance as per Pass Book
(c) Balance as per Cash Book or Pass Book
(d) None of the above
Ans – (c)
While preparing Bank Reconciliation Statement taking the Debit balance as per Cash Book as the starting point, uncollected cheques are
(a) Added
(b) Subtracted
(c) Not required to be adjusted
(d) None of these
Ans – (b)
If bank reconciliation statement is prepared from the Debit balance of Cash Book, we will get:
(a) Credit or Debit Balance as per Pass Book
(b) Only Debit Balance as per Pass Book
(c) Credit Balance as per Cash Book
(d) None of the Above
Ans – (a)
If bank reconciliation statement is prepared from the Debit balance of Pass Book, we will get:
(a) Only Debit Balance as per Cash Book
(b) Debit or Credit Balance as per Cash Book
(c) Credit Balance as per Pass Book
(d) None of the above
Ans – (b)
A business receives its bank statement showing the closing balance as ₹ 8,500 overdrawn. It is found that there were unpresented cheques of ₹ 2,000 and uncredited deposited of ₹ 1,500. Overdraft as per Cash Book is
(a) ₹ 5,000
(b) ₹ 8,000
(c) ₹ 9,000
(d) ₹ 12,000
Ans – (c)
Bank balance is always considered as positive, if it is:
(a) Balance as per Cash Book
(b) Debit Balance as per Cash Book
(c) Credit Balance as per Pass Book
(d) All of the above
Ans – (d)
Which of the following balance is true, Given:
(i) Dr. Balance as per Cash Book ₹ 32,000;
(ii) Cheques sent for collection but not yet collected ₹ 10,000;
(iii) Cheques issued but not yet presented for payment ₹ 12,000
(a) Dr. Balance as per Pass Book ₹ 34,000
(b) Cr. Balance as per Pass Book ₹ 30,000
(c) Cr. Balance as per Pass Book ₹ 34,000
(d) Dr. Balance as per Pass Book ₹ 30,000
Ans – (c)
Which of the following balance is true, Given:
(i) Dr. Balance as per Cash Book ₹ 40,000;
(ii) Cheque deposited into bank for ₹ 25,000 but cheques of only ₹ 16,000 were credited by bank:
(a) ₹ 56,000
(b) ₹ 24,000
(c) ₹ 49,000
(d) ₹ 31,000
Ans – (d)
Which of the following balance is true, Given:
(i) Dr. Balance as per Cash Book ₹ 25,000;
(ii) Cheques issued for ₹ 18,000 out of which cheques of only ₹ 4,000 were presented for payment:
(a) ₹ 39,000
(b) ₹ 11,000
(c) ₹ 29,000
(d) ₹ 21,000
Ans – (a)
Which of the following balance is true:
(i) Dr. Balance as per Cash Book ₹ 20,000
(ii) Bank charges charged by bank ₹ 200
(iii) Direct deposit by a customer in out bank account ₹ 15,000
(a) ₹ 5,200
(b) ₹ 34,800
(c) ₹ 35,200
(d) ₹ 4,800
Ans – (b)
Mohan’s bank reconciliation statement shows cheques deposited but not credited by bank of ₹ 3,800 and cheques issued but not presented by suppliers of ₹ 3,500. His bank balance as per Cash Book is ₹ 25,000. Balance as per pass book statement is
(a) ₹ 25,000
(b) ₹ 24,700
(c) ₹ 25,300
(d) ₹ 32,300
Ans – (b)
Which of the following is true:
(i) Overdraft as per cash Book ₹ 48,000
(ii) Cheques deposited for ₹ 20,000, of which cheques for ₹ 8,000 were not credited by bank
(iii) Interest on overdraft debited by bank ₹ 3,000
(a) ₹ 37,000
(b) ₹ 33,000
(c) ₹ 59,000
(d) ₹ 63,000
Ans – (c)
Which of the following is true:
(i) Overdraft as per cash book ₹ 22,000
(ii) Cheques of ₹ 8,800 were issued out of which cheques of ₹ 3,300 were not presented for payment
(iii) Interest on Investments credited in the pass book ₹ 2,000
(a) ₹ 27,300
(b) ₹ 16,700
(c) ₹ 14,500
(d) ₹ 29,500
Ans – (b)
If balance in the bank statement shows ₹ 3,000 (Dr.) and there are deposited of ₹ 800 not yet credited and unpresented cheques totalling ₹ 500, the balance in the Cash Book should be
(a) ₹ 3,300 (Cr.)
(b) ₹ 2,700 (Cr.)
(c) ₹ 4,300 (Cr.)
(d) ₹ 1,700 (Dr.)
Ans – (b)
Which of the following is true:
(i) Overdraft as per Cash Book ₹ 20,000
(ii) Out of cheques of ₹ 8,000 issued, cheques amounting to ₹ 5,800 were presented for payment
(iii) Out of cheques deposited for ₹ 10,000, cheques for ₹ 6,000 were not collected:
(a) ₹ 16,200
(b) ₹ 21,800
(c) ₹ 23,800
(d) ₹ 18,200
Ans – (c)
Which of the following is true:
(i) Overdraft as per Cash Book ₹ 15,000
(ii) Cheque deposited but dishonoured ₹ 1,200
(iii) Cheque received from a customer, although entered in the cash book, was not sent to bank ₹ 2,420.
(a) ₹ 18,620
(b) ₹ 11,380
(c) ₹ 13,780
(d) ₹ 15,920
Ans – (a)
Cash Book shows ₹ 1,000 as overdrawn. When bank statement is received, it was identified that one of debtors has deposited ₹ 400 into the account and bank charges of ₹ 20 had been debited to the account. Bank Statement balance is
(a) ₹ 1,420 (Dr.)
(b) ₹ 620 (Dr.)
(c) ₹ 4,300 (Cr.)
(d) ₹ 1,700 (Dr.)
Ans (b)
Which of the following is true:
(i) Overdraft as per Pass Book ₹ 10,000
(ii) Cheque drawn for ₹ 8,000, of which cheques for ₹ 3,000 were cashed
(iii) Cheques paid in for collection ₹ 50,000, of which cheques for ₹ 22,800 were not credited
(a) Dr. Balance as per Cash Book ₹ 7,800
(b) Overdraft Balance as per Cash Book ₹ 7,800
(d) Dr. Balance as per cash Book ₹ 12,200
(d) Overdraft Balance as per Cash Book ₹ 27,800
Ans – (a)
Which of the following is true:
(i) Overdraft as per Pass Book ₹ 20,000
(ii) Cheque issued but recorded in cash book in cash column ₹ 3,000
(iii) A cheque of ₹ 5,000 deposited into bank was dishonoured but not recorded in cash book
(a) ₹ 18,000
(b) ₹ 22,000
(c) ₹ 28,000
(d) ₹ 12,000
Ans – (d)
Bank Pass Book of Vijay Bros. had an overdraft of ₹ 20,000. Interest on overdraft was ₹ 2,000. Insurance premium paid by the bank was ₹ 200.
What is the balance as per Cash Book?
(a) ₹ 22,200 overdraft
(b) ₹ 22,200 favourable balance
(c) ₹ 17,800 overdraft
(d) ₹ 17,800 favourable balance
Ans – (c)
Which of the following is true:
(i) Overdraft as per Pass Book ₹ 25,000
(ii) Interest of overdraft charged by bank not recorded in cash book ₹ 2,000
(iii) Cheques issued for ₹ 10,000 of which cheques for ₹ 7,000 were not presented for payment
(a) ₹ 26,000
(b) ₹ 24,000
(c) ₹ 30,000
(d) ₹ 20,000
Ans – (c)
Which of the following is true:
(i) Overdraft as per Pass Book ₹ 22,000
(ii) Cheque deposited for ₹ 20,000 of which cheques for ₹ 5,000 were collected
(iii) A cheque of ₹ 4,000 recorded in the cash book was omitted to be banked
(a) ₹ 3,000
(b) ₹ 41,000
(c) ₹ 33,000
(d) ₹ 11,000
Ans – (a)
Cash book balance was ₹ 1,790 (Dr.). When compared with the bank statement. It was identified that unpresented Cheques were ₹ 1,040 and deposits not credited were ₹ 820. Balance as per Bank Statement will be
(a) ₹ 70 (Dr.
(b) ₹ 1,570 (Cr.)
(c) ₹ 2,010 (Cr.)
(d) ₹ 3,650 (Cr.)
Ans – (c)
Which of the following is true:
(i) Balance as per Pass Book ₹ 30,000
(ii) Cheques issued but not presented for payment ₹ 10,000
(iii) Cheques deposited for ₹ 15,000 of which cheques for ₹ 12,000 were not collected
(a) ₹ 37,000
(b) ₹ 23,000
(c) ₹ 28,000
(d) ₹ 32,000
Ans – (d)
Which of the following is true:
(i) Balance as per Pass Book ₹ 42,000
(ii) A customer directly deposited in out bank account ₹ 10,000
(iii) Cheques issued for ₹ 20,000 of which cheques for ₹ 4,000 were presented for payment
(a) ₹ 68,000
(b) ₹ 16,000
(c) ₹ 48,000
(d) ₹ 36,000
Ans – (b)
The credit balance as per Cash Book is ₹ 1,500. Cheques for ₹ 400 were deposited but were not collected. The cheques issued but not presented were ₹ 100, ₹ 125 and ₹ 50. Balance as per Pass Book will be:
(a) ₹ 1,100 Debit
(b) ₹ 1,625 Debit
(c) ₹ 2,175 Credit
(d) ₹ 1,625 Credit
Ans – (b)
Bank charges ₹ 5,000 debited twice in pass book. What should be done in BRS if overdraft as per cash book is starting point?
(a) ₹ 5,000 must be deducted
(b) ₹ 5,000 must be added
(c) ₹ 10,000 must be deducted
(d) ₹ 10,000 must be added
Ans – (b)
Payment done by the account holder through issuing a cheque is entered in
(a) the Pass Book at the time of issuing the cheque
(b) the Pass Book at the time of presenting the cheque to the bank for payment
(c) the Cash Book at the time of issuing the cheque
(d) Both (b) and (c)
Ans – (d)
