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MCQ Chapter 6 Accountancy Class 11 Maharashtra Board

Bank Reconciliation Statement

1. What does a Pay-in-slip help the account holder do?

Question 1 of 20

2. What is the left-hand side of a Pay-in-slip called?

Question 2 of 20

3. Which document is used to withdraw money from a bank?

Question 3 of 20

4. What is recorded in the bank’s ledger that is given to the customer as a Pass Book?

Question 4 of 20

5. What does a debit in the Pass Book signify?

Question 5 of 20

6. Who prepares the Bank Reconciliation Statement?

Question 6 of 20

7. What does the bank statement help a businessman know?

Question 7 of 20

8. What document notifies customers about dishonour of cheques?

Question 8 of 20

9. What is the full form of NEFT?

Question 9 of 20

10. What is IFSC used for?

Question 10 of 20

11. What is the meaning of Bank Reconciliation Statement?

Question 11 of 20

12. Which of the following appears in Pass Book but not in Cash Book due to time difference?

Question 12 of 20

13. What does a debit balance in the Cash Book represent?

Question 13 of 20

14. What is the reason for difference in balances if a cheque is issued but not presented?

Question 14 of 20

15. Which error occurs when a transaction is completely omitted from the Cash Book?

Question 15 of 20

16. Bank debits customer account for charges.If not entered in Cash Book, balance in Pass Book will be:

Question 16 of 20

17. When is a Bank Reconciliation Statement generally prepared?

Question 17 of 20

18. Which of the following is NOT a cause of difference due to time lag?

Question 18 of 20

19. In the bank statement, what does the 'Dr.' column indicate?

Question 19 of 20

20. If bank collects dividend on behalf of the customer, balance in Pass Book will be:

Question 20 of 20


 

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