MCQ Chapter 6 Accountancy Class 11 Maharashtra Board Bank Reconciliation Statement 1. What does a Pay-in-slip help the account holder do?Withdraw moneyTransfer fundsDeposit cash or chequeIssue bank statementQuestion 1 of 202. What is the left-hand side of a Pay-in-slip called?Receipt copyCounterfoilTransaction slipAcknowledgement noteQuestion 2 of 203. Which document is used to withdraw money from a bank?Pass BookWithdrawal SlipPay-in-slipBank StatementQuestion 3 of 204. What is recorded in the bank’s ledger that is given to the customer as a Pass Book?Fixed depositsLoan recordsLedger account of the customerTax recordsQuestion 4 of 205. What does a debit in the Pass Book signify?Receipt of moneyWithdrawal of moneyBalance updateCheque depositQuestion 5 of 206. Who prepares the Bank Reconciliation Statement?Bank managerAuditorBusinessman or accountantCustomer service executiveQuestion 6 of 207. What does the bank statement help a businessman know?Loan amountTax duesDetails of transactions and bank balancePass Book entriesQuestion 7 of 208. What document notifies customers about dishonour of cheques?Withdrawal slipBank StatementBank AdvicePay-in-slipQuestion 8 of 209. What is the full form of NEFT?National Electronic Funds TransferNational Exchange of Foreign TransactionNew Electronic Fund TrackerNone of the aboveQuestion 9 of 2010. What is IFSC used for?Printing chequesInsurance processingElectronic fund transfersAccount closureQuestion 10 of 2011. What is the meaning of Bank Reconciliation Statement?Statement of income and expenditureComparison of customer accountsStatement reconciling Cash Book and Pass Book balancesLoan account summaryQuestion 11 of 2012. Which of the following appears in Pass Book but not in Cash Book due to time difference?Cheques issued but not presentedCheques deposited but not clearedInterest credited by bankSalary paid by businessQuestion 12 of 2013. What does a debit balance in the Cash Book represent?Bank overdraftFavourable bank balanceCredit balanceRejected paymentQuestion 13 of 2014. What is the reason for difference in balances if a cheque is issued but not presented?Bank will record it before customerCash Book will show less balanceBank will show less balancePass Book will not record it yetQuestion 14 of 2015. Which error occurs when a transaction is completely omitted from the Cash Book?Double entryWrong side entryOmissionOvercastQuestion 15 of 2016. Bank debits customer account for charges.If not entered in Cash Book, balance in Pass Book will be:EqualHigherLowerNilQuestion 16 of 2017. When is a Bank Reconciliation Statement generally prepared?Start of the monthMiddle of the monthEnd of the monthWeeklyQuestion 17 of 2018. Which of the following is NOT a cause of difference due to time lag?Cheque issued but not presentedCheque deposited but not clearedBank charges debited by bankInterest credited by bankQuestion 18 of 2019. In the bank statement, what does the 'Dr.' column indicate?DepositsBalanceWithdrawalsCheques depositedQuestion 19 of 2020. If bank collects dividend on behalf of the customer, balance in Pass Book will be:Equal to Cash BookHigher than Cash BookLower than Cash BookZeroQuestion 20 of 20 Loading...
Leave a Reply