CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs

Refer to CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs provided below. CBSE Class 11 Accountancy MCQs with answers available in Pdf for free download. The MCQ Questions for Class 11 Accountancy with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 11 by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 5 Bank Reconciliation Statement are an important part of exams for Class 11 Accountancy and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Accountancy and also download more latest study material for all subjects

MCQ for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

Class 11 Accountancy students should refer to the following multiple-choice questions with answers for Chapter 5 Bank Reconciliation Statement in Class 11. These MCQ questions with answers for Class 11 Accountancy will come in exams and help you to score good marks

Chapter 5 Bank Reconciliation Statement MCQ Questions Class 11 Accountancy with Answers

 

Question : Credit balance as per pass book is?
(a) Unfavorable balance
(b) Favorable balance
(c) Both a & b
(d) None

Answer :  B

Question : 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

Answer :  B

Question : Which of the following would not affect bank reconciliation?
(a) Dishonored cheque
(b) Discount received
(c) Bank interest
(d) Check not presented

Answer :  B

Question : When cash is deposited into bank then the following account would be debited in the company accounts?
(a) Cash account
(b) Overdraft account
(c) Bank account
(d) None

Answer :  C

Question : Overdraft means _______ balance of Cash Book.
(a) closing
(b) debit
(c) opening
(d) credit

Answer :  D

Question : A statement which is used to reconcile the bank balance as per cash book and bank statement is called:
(a) Financial Statement
(b) Bank Reconciliation Statement
(c) Bank Statement
(d) Income Statement

Answer : B

Question : Debiting an entry in Cash Book ___________ cash balance.
(a) increases
(b) decreases
(c) nullifies
(d) none of the above.

Answer : A

Question : A pass book is a copy of
(a) A customer’s account in the bank’s books
(b) Cash book relating to bank column
(c) Cash book relating to cash column
(d) Firm’s receipts and payments

Answer : A

Question : Bank reconciliation statement is prepared by:
(a) Banker
(b) Accountant
(c) Auditor
(d) None of these

Answer : B

Question : Any decrease in the bank balance is recorded on ____ side of Cash Book and in ____ Column of Pass Book.
(a) Debit; Credit
(b) Credit; Debit
(c) None of the given options

Answer : B

Question : Bank gives overdraft facility to __________ account holder.
(a) savings
(b) recurring
(c) current
(d) fixed.

Answer : C

Question : An unadjusted balance in cash book is because of the result of which error?
(a) Deposit in transit
(b) The omission of Bank charges
(c) Outstanding checks
(d) Unpresented checks

Answer : B

Question : 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

Answer : D

Question : In cash book bank charges recorded?
(a) Credit side
(b) Debit side
(c) both a & b
(d) None of them

Answer : A

Question : Unpresented checks also referred to as
(a) Bounced checks
(b) Outstanding checks
(c) Uncredited checks
(d) Uncollected checks

Answer : B

Question : When extract of Cash Book and Pass Book are given for common period, only _________ items are considered for preparation of Bank Reconciliation Statement.
(a) uncommon
(b) common
(c) favourable
(d) unfavourable.

Answer :  A

Question : Bank reconciliation represents:
(a) Ledger
(b) Journal
(c) Statement
(d) “a’ & ‘c’ Both

Answer : C

Question : Bank reconciliation is not a?
(a) Reconcile records
(b) Memorandum statement
(c) Ledger account
(d) Procedure to provide cash book adjustments

Answer : C

Question : Bank reconciliation statement is a:
(a) Part of bank statement
(b) Memorandum statement
(c) Part of journal
(d) Ledger Account

Answer : B

Question : A bank reconciliation statement is prepared to know the causes for the difference between
(a) The balance as per cash column of the cash book and pass book.
(b) The balance as per bank column of the cash book and pass book
(c) Both (a) and (b)
(d) None of above

Answer : B

Question : When bank statement shows a debit balance, it means?
(a) Overdraft balance as per cash book
(b) Unfavorable balance as per cash book
(c) Unfavorable balance as per bank book
(d) None of the above

Answer : C

Question : Uncollected checks are also known as?
(a) Outstanding checks
(b) Uncleared checks
(c) Outstation checks
(d) Both b & c

Answer : D

Question : 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

Answer : D

Question : Balance shown in the balance sheet is
(a) Cash book
(b) Pass book
(c) Adjusted cash book
(d) None of these

Answer :  A

Question : Cash Book and Bank Statement show _______ Balance.
(a) Credit
(b) Debit
(c) Opposite
(d) None of the given options

Answer : C

Question : Bank reconciliation statement is prepared by matching.
(a) Entries in pass book with entries in bank column of cash book.
(b) Entries in pass book with entries in cash column of cash book.
(c) Entries in pass book with entries in bank column and cash column of cash book.
(d) None of these

Answer :   A

Question : 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

Answer : B
 

Question : Bank statement also called?
(a) Pass book
(b) Cash book
(c) Credit book
(d) Debit book

Answer : A

Question : On the bank statement, cash deposited by the company is known as
(a) Credit
(b) Debit
(c) Liability
(d) Expenses

Answer :  A

Question : Bank Reconciliation statement provides mechanism of ……….over Cash.
(a) External Control
(b) Maximum Control
(c) Internal Control
(d) None of the given options

Answer : C

Question : Unpresented cheques also referred to as
(a) Bounced cheque
(b) Outstanding cheque
(c) Uncredited cheque
(d) Uncollected cheque

Answer : C

Question : An amount of Rs.1000 is debited twice in bank statement, the effect of it on cash book:
(a) Rs. 1000 added
(b) Rs. 2000 deducted
(c) Rs. 1000 deducted
(d) Rs. 2000 added

Answer : A

Question : When check is not paid by the bank, it is called?
(a) Honored
(b) Endorsed
(c) Dishonored
(d) a & b

Answer : C

Question : An amount of Rs.50 debited by bank as bank charges:
(a) Credit in cash book
(b) Credit in pass book
(c) Credit in cash payment journal
(d) Record in cash Receipt journal

Answer : A

Question : When check is not paid by the bank, it is called?
(a) Honored
(b) Endorsed
(c) Dishonored
(d) (a) and (b)

Answer : C

Question : In cash book, the favorable balance indicates
(a)  Credit Balance
(a)  Debit Balance
(a)  Bank Overdraft
(a)  Adjusted Balance

Answer : B

Question : A bank reconciliation statement is prepared with the help of
(a) Bank statement and bank column of cash book
(a) Bank statement and cash column of cash book
(a) Bank column of cash book and cash column of cash book
(a) None of these

Answer : A

Question : If any amount is directly deposited into the bank then?
(a) Cash book will show less balance & bank book will show more
(b) Cash book will show more balance & bank book will show less
(c) Cash book will show double balance
(d) Bank book will show double balance

Answer : B

Question : Bank reconciliation statement is?
(a) Part of bank statement
(b) Part of the cash book
(c) A separate statement
(d) a sub-division of journal

Answer : C

Question : Bank reconciliation statement is :
(a) Ledger
(b) A Journal
(c) A Book
(d) A memorandum statement

Answer : D

Question : Debit balance as per cash book of ABC Co. on 31.03.2020 is Rs. 1500. Cheque deposited but not cleared amounts to Rs. 100 and cheque issued but not presented of Rs. 150. Balance as per pass book should be
(a) 1750
(b) 1550
(c) 1650
(d) None of these

Answer : B

Question : What is “Deposit in transit” in bank reconciliation?
(a) Added to Bank Balance
(b) Subtracted From Bank Balance
(c) Subtracted From the Cash Book Balance
(d) Added to Cashbook Balance

Answer : A

Question. A bank reconciliation statement is prepared by
(a) Creditors
(b) Bank
(c) Account holder in a bank
(d) Debtors

Answer : C


Question. Passbook is a copy of:
(a) Customer account
(b) Bank column of cash book
(c) Cash column of cash book
(d) Receipts and payments

Answer : A


Question. 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)

Answer : D

 

Fill in the blanks

 

Question : While preparing Bank Reconciliation Statement only __________ column of Cash Book is considered.
Answer :  Bank

Question : A statement showing the reasons for difference in Cash Book balance and Pass Book balance is known as ___________ .
Answer :   Bank Reconciliation Statement

Question : Overcast on receipt side of Pass Book means _________ in Pass Book balance.
Answer :  Increase

Question : Normally the Cash Book shows debit balance and Pass Book shows ________ balance.
Answer :   Credit

Question : The form filled for withdrawing cash from bank is known as __________ .
Answer :   Withdrawal slip. 10. Bank advice.

Question. Passbook is a copy of ………………. as it appears in the ledger of the bank.
Answer : customer account


Question. Normally, the cash book shows a debit balance, passbook shows ……………….. balance.
Answer : credit


Question. If the cash book balance is taken as starting point the items which make the cash book balance smaller than the passbook must be ………………. for the purpose of reconciliation.
Answer : added


Question. When the cheques are not presented for payment, favourable balance as per the cash book is ……………… than that of the passbook.
Answer : lower/less


Question. If the overdraft as per the passbook is taken as the starting point, the cheques issued but not presented are to be ………………… in the bank reconciliation statement.
Answer : added


State whether each of the following statements is True or False.


Question. Passbook is the statement of account of the customer maintained by the bank.
Answer : True


Question. Cheques issued but not presented for payment will reduce the balance as per the passbook.
Answer : False


Question. Overdraft as per the passbook is less than the overdraft as per cash book when there are cheques deposited but not collected by the banker.
Answer : False


Question. Favourable bank balance as per the cash book will be less than the bank passbook balance when there are unpresented cheques for payment.
Answer : True


Question. When payments 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.
Answer : False

More Study Material

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statement MCQs

We hope students liked the above MCQs for Chapter 5 Bank Reconciliation Statement designed as per the latest syllabus for Class 11 Accountancy released by CBSE. Students of Class 11 should download the Multiple Choice Questions and Answers in Pdf format and practice the questions and solutions given in above Class 11 Accountancy MCQs Questions on daily basis. All latest MCQs with answers have been developed for Accountancy by referring to the most important and regularly asked topics which the students should learn and practice to get better score in school tests and examinations. Studiestoday is the best portal for Class 11 students to get all latest study material free of cost.

MCQs for Accountancy CBSE Class 11 Chapter 5 Bank Reconciliation Statement

Expert teachers of studiestoday have referred to NCERT book for Class 11 Accountancy to develop the Accountancy Class 11 MCQs. If you download MCQs with answers for the above chapter daily, you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Accountancy and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. You can easily download and save all MCQs for Class 11 Accountancy also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the MCQs which have been developed as per latest course books also refer to the NCERT solutions for Class 11 Accountancy designed by our teachers

Chapter 5 Bank Reconciliation Statement MCQs Accountancy CBSE Class 11

All MCQs given above for Class 11 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 11 can refer to the answers which have been also provided by our teachers for all MCQs of Accountancy so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided lot of MCQ questions for Class 11 Accountancy so that you can solve questions relating to all topics given in each chapter. All study material for Class 11 Accountancy students have been given on studiestoday.

Chapter 5 Bank Reconciliation Statement CBSE Class 11 MCQs Accountancy

Regular MCQs practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Chapter 5 Bank Reconciliation Statement concepts. MCQs play an important role in developing understanding of Chapter 5 Bank Reconciliation Statement in CBSE Class 11. Students can download and save or print all the MCQs, printable assignments, practice sheets of the above chapter in Class 11 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 11 Accountancy MCQ Test for the same chapter

CBSE MCQs Accountancy Class 11 Chapter 5 Bank Reconciliation Statement

CBSE Class 11 Accountancy best textbooks have been used for writing the problems given in the above MCQs. If you have tests coming up then you should revise all concepts relating to Chapter 5 Bank Reconciliation Statement and then take out print of the above MCQs and attempt all problems. We have also provided a lot of other MCQs for Class 11 Accountancy which you can use to further make yourself better in Accountancy

Where can I download latest CBSE MCQs for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

You can download the CBSE MCQs for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement for latest session from StudiesToday.com

Can I download the MCQs of Chapter 5 Bank Reconciliation Statement Class 11 Accountancy in Pdf

Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 5 Bank Reconciliation Statement Class 11 for Accountancy

Are the Class 11 Accountancy Chapter 5 Bank Reconciliation Statement MCQs available for the latest session

Yes, the MCQs issued by CBSE for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement have been made available here for latest academic session

How can I download the Chapter 5 Bank Reconciliation Statement Class 11 Accountancy MCQs

You can easily access the links above and download the Chapter 5 Bank Reconciliation Statement Class 11 MCQs Accountancy for each topic

Is there any charge for the MCQs with answers for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

There is no charge for the MCQs and their answers for Class 11 CBSE Accountancy Chapter 5 Bank Reconciliation Statement you can download everything free

How can I improve my MCQs in Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

Regular revision of MCQs given on studiestoday for Class 11 subject Accountancy Chapter 5 Bank Reconciliation Statement can help you to score better marks in exams

What are MCQs for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement

Multiple Choice Questions (MCQs) for Chapter 5 Bank Reconciliation Statement Class 11 Accountancy are objective-based questions which provide multiple answer options, and students are required to choose the correct answer from the given choices.