Assertion Reason MCQs of Bank Reconciliation Class 11 with Answers
Assertion Reason MCQs of Bank Reconciliation Class 11 with Answers for CBSE, ISC and State Boards
Assertion (A): Bank Reconciliation Statement is not a part of Double Entry Book-Kepping.
Reason (R): It is a method to ensure that there are no errors in recording bank transactions in the cash book.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (a)
Assertion (A): Bank Reconciliation Statement is a statement prepared by the account holder to reconcile the bank balance as per Cash Book with the balance as per Bank Pass Book and showing all the causes of difference between the two.
Reason (R): The amount of balance shown in the Pass Book or Bank Statement should be same as shown in the Cash Book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (a)
Assertion (A): Bank Reconciliation Statement is prepared by bank.
Reason (R): Bank Reconciliation Statement is parepared to find out the reasons for difference between the bank balance shown by the cash book and pass book balance.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (d)
Assertion (A): The difference in the balances as per Cash Book and Pass Book may arises due to time gap in recording transactions.
Reason (R): The factors causing time gap include cheques issued but not yet presented for payment in the Bank.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (a)
Assertion (A): Bank Reconciliation Statement is not an account.
Reason (R): Bank Reconciliation Statement is prepared on a certain date.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (b)
Assertion (A): Bank balance as shown in the firm’s Cash Book and Bank Statement normally are not same.
Reason (R): The differneces between balances as per Cash Book and bank Pass Book are caused by either timing difference in recording of the transactions or error made by the business or by the bank.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (c)
Assertion (A): Bank Reconliation Statement is prepared with the help of Pass Book and Bank Column of Cash Book.
Reason (R): Because all entries recorded in the bank column of the Cash Book must tally with the entries recorded in the Pass Book.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (a)
Assertion (A): Favourable bank balance as per the Cash Book will be less than the Bank Pass Book balance when there are unpresented cheques for payment in the bank.
Reason (R): When payments are made by the bank as per the standing instructions of the customer, the balance in the passbook will be more when compared to the Cash Book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (c)
Assertion (A): Bank Reconciliation Statement is prepared with the balance of either Cash Book or Pass Book.
Reason (R): It is prepared to ascertain the causes of differences between the balance as shown by Cheque Book and Pass Book.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (c)
Assertion (A): When the cheques are not presented for payment in the bank, favourable balance as per the Cash Book is less than that of the Pass Book.
Reason (R): If an entry of payment has been recorded in Pass Book but not in the Cash Book, then the balance of Pass Book will be less than that of Cash Book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (a)
Assertion (A): Pass Book is a copy of Customer’s Account prepared by the bank.
Reason (R): Payment done by the account holder through issuing a cheque is entered in the bank column of the Cash Book at the time of issuing the cheque.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (b)
Assertion (A): Cheques issued but not yet presented for payment will reduce the balance as per the Pass Book.
Reason (R): Cheques deposited into bank but not yet collected will result in increasing the balance of the Cash Book when compared to Pass Book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (d)
Assertion (A): A ceque of ₹ 25,000 received from Esha is paid into bank for collection but it is not yet credited by bank. This will result in higher balance in the bank column of the Cash Book in comparison to Pass Book.
Reason (R): A cheque issued to Vinita for ₹ 10,000 is not presented for payment in bank. This will result in higher balance in the Pass Book in comparison to Cash Book.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (b)
Assertoin (A): Overdraft balance as per Pass Book means negative balance as per Pass Book.
Reason (R): An overdraft balance is treated as negative figure in a Bank Reconciliation Statement.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (a)
Assertion (A): Cheques issued but not presented for payment will not be considered while preparing an Amended Cash Book.
Reason (R): Only those items are recorded in Amended Cash Book that should have been recorded but have not been recorded.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (a)
Assertion (A): Bank Reconciliation Statement is prepared to reconcile bank balance as per Cash Book with the balance as per Bank Pass Book (or Statement), by showing all causes of differences between the two.
Reason (R): Bank Reconciliation Statement is prepared to detect the errors commited by bank.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (c)
Assertion (A): Balance shown in the Balance Sheet is of adjusted Cash Book.
Reason (R): Balance shown in the Balance Sheet is the balance shown by the Pass Book.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (c)
Assertion (A): When direct payments are made by the bank as per standing instructions of the customers, the balance as per Pass Book will be more as compared to the balance as per Cash Book.
Reason (R): If an entry of payment has been recorded in the Pass Book but not in the Cash Book then the balance as per Pass Book would be lower than the balance as per Cash Book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (d)
Assertion (A): If credit side of the bank column of the Cash Book is casted short, the Cash Book will show a higher balance in comparison to Pass Book.
Reason (R): If a wrong credit has been given by the bank, the Cash Book will show a lower balance in comparison to Pass Book
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans – (b)
Assertion (A): Direct collection received by the bank on behalf of its customer will increase the Balance as per the Bank Pass Book as compared to the balance as per the Cash Book.
Reason (R): Unless the customer is informed and records in the Cash Book, the balance as per Cash Book will remain lower as compared to Bank Balance as per Pass Book.
Options:
(a) Assertion (A) and Reason (R) are correct but the Reason (R) is not the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
(c) Assertion (A) is correct but Reason (R) is not correct.
(d) Assertion (A) is not correct but the Reason (R) is correct.
Ans – (b)
