MCQ Chapter 6 Accountancy Class 11 Maharashtra Board Bank Reconciliation Statement 1. What is the effect of recording a lower amount in Cash Book than the actual bank charge?No differenceCash Book shows more balancePass Book shows more balanceBoth balances matchQuestion 1 of 202. When the same transaction is recorded twice in Cash Book, what is the impact?No impactCash Book shows less balanceCash Book shows more balancePass Book shows more balanceQuestion 2 of 203. Which of the following must be added when reconciling overdraft as per Pass Book?Cheque deposited but not collectedInterest creditedCheque issued but not presentedDishonoured chequeQuestion 3 of 204. What causes the Pass Book balance to be less than the Cash Book?Cheque issued not presentedBank chargesCheque deposited but not clearedDirect deposit by debtorQuestion 4 of 205. A debit balance in Pass Book means:Money receivablePositive bank balanceOverdraftProfitQuestion 5 of 206. Which is the correct treatment of a dishonoured bill discounted with bank, not recorded in Cash Book?Add to Cash BookSubtract from Pass BookSubtract from Cash BookAdd to Pass BookQuestion 6 of 207. What is the first step in preparing a Bank Reconciliation Statement?Prepare ledgerCompare items in Cash Book and Pass BookWithdraw moneyPrint bank statementQuestion 7 of 208. Which error is made when a transaction is recorded on the wrong side?OvercastMispostingReversalOmissionQuestion 8 of 209. What is the treatment for interest on investment credited by bank but not recorded in Cash Book?Add if starting from Pass BookSubtract if starting from Cash BookIgnoreAdd in both casesQuestion 9 of 2010. What happens when the bank credits a wrong amount to the customer’s account?Pass Book balance is understatedCash Book matchesDifference arisesBalance remains unaffectedQuestion 10 of 2011. What does the term “overcast” refer to in the context of books of accounts?Entry made twiceTotaling more than actualEntry not recordedWrong account usedQuestion 11 of 2012. Which entry increases balance in Cash Book but not yet in Pass Book?Direct payment by bankCheque deposited not collectedInterest chargedDishonoured chequeQuestion 12 of 2013. In which account is the cheque issued first recorded?Pass BookBank statementCash BookLedgerQuestion 13 of 2014. Which item does not require reconciliation?Interest creditedCheque recorded in both booksDirect deposit by customerBank chargesQuestion 14 of 2015. What is added to overdraft as per Cash Book when reconciling?Direct deposits by customerCheque deposited but not clearedCheque issued but not presentedBank chargesQuestion 15 of 2016. How is a favourable balance as per Pass Book treated?As creditAs debitAs expenseAs overdraftQuestion 16 of 2017. What is the treatment of payment made by bank as per standing instructions?Add to Cash BookSubtract from Pass BookSubtract from Cash BookAdd to Pass BookQuestion 17 of 2018. What is the last step in preparing Bank Reconciliation Statement?Identify bank managerTotal both columns and find differenceClose bank accountRecord transactions againQuestion 18 of 2019. What is a Bank Statement also known as?Bank AdvicePass Booke-statementWithdrawal summaryQuestion 19 of 2020. Which of the following causes no difference between Cash Book and Pass Book?Cheque issued but not presentedCheque deposited but not clearedMatching entries in both booksDishonoured chequeQuestion 20 of 20 Loading...
Leave a Reply