Bank Reconciliation Statement Quizz

1. Favourable balance as per Cash Book Rs. 5,000. Debit side of Cash Book under cast by Rs. 2.000. Cheque deposited into bank Rs. 3,000 dishonoured but no entry for dishonour is made in cash book. Balance as per Pass Book is :

A. Rs. 4,000


B. Rs. 10,000


C. Rs. 6,000


D. None of the above

2. When drawing up a Bank Reconciliation Statement, if you start with a debit balance as per the Bank Statement, the unpresented cheques should be:

A. Added

B. Deducted

C. Not required to be adjusted

D. None of the above

3. Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 is Rs. 1,500. Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should be

A. Rs.1,600.


B. Rs.1,450.


C. Rs.1,850.


D. Rs.1,650.

4. When the balance as per Cash Book is the starting point, direct deposits by customers are.

A. Added

B. Subtracted

C. Not required to be adjusted

D. None of these

5. If the balance as per Pass Book is the starting point, so the treatment of undercasting of receipt side of Cash Book will be :

A. Added

B. Deducted

C. No treatment

D. None of these

6. Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150. The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:

A. Rs. 1,600

B. Rs. 1,450

C. Rs. 1,850

D. Rs. 1,650

7. When drawing up a Bank Reconciliation Statement, if you start with a debit balance as per the Bank Statement, the unpresented cheques should be:

A. Added;

B. Deducted;

C. Not required to be adjusted.

D. None of the above.

8. When favourable balance as per cash book is the starting point, wrong debit by the bank to the firm will be:

A. Added

B. Subtracted

C. Both

D. None

9. Bank Overdraft as per cash book is Rs. 10,500. Interest debited by bank Rs. 3,500 for which advice was not received by account holder. Cheques deposited but not credited by bank Rs. 7,500. Cheques issued but not yet presented Rs. 9,500. What is the Overdraft amount as per Pass Book?

A. Rs. 12,000

B. Rs. 16,000

C. Rs. 5,000

D. Rs. 9,000

10. Debit balance as per cash book Rs.2000
Cheques deposited but not cleared Rs. 100
Cheques issued but not presented Rs. 150
Bank allowed interest Rs. 50
Bank collected dividend Rs. 50
Balance as per Pass Book will be:

A. Rs. 2,100


B. Rs. 1,950


C. Rs. 2,350


D. Rs. 2,150

11. A debit balance in the depositor’s Cash Book will be shown as:

A. a debit balance on the Bank Statement.

B. a credit balance on the Bank Statement.

C. an overdrawn balance on Bank Statement.

D. None of the above.

12. When balance as per Cash Book is the starting point, uncollected cheques are:

A. Added in the bank reconciliation statement

B. Subtracted in the bank reconciliation statement

C. Not required to be adjusted in the bank reconciliation statement

D. Neither of the above.

13. For preparing Bank Reconciliation statement the documents statements required are:

A. Cash column of cash book and bank statement

B. Bank column of cash book and bank statement

C. Bank and cash column of the cash book

D. Bank statement

14. The overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:

A. Rs. 4,500 credit


B. Rs. 4,500 overdraft


C. Rs. 45,500 credit


D. None of the above

15. Overdraft as per Cash book means:

A. Credit balance in the cash book


B. Credit balance in the bank column of the cash book


C. Decrease in Liability


D. None

16. Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________

A. Rs. 8,054

B. Rs. 8,030

C. Rs. 9,410

D. Rs. 9,366

17. The balance as per Cash Book is Rs. 10,000 Cheques for Rs. 2,000 were issued but not presented for payment. What would be the balance as per Pass Book?

A. Rs. 10,000

B. Rs. 2,000

C. Rs. 12,000

D. None of the above

18. When Money is withdrawn from bank the bank:

A. Credits Customers A/c

B. Debits Customer’s A/c

C. Credits and Debits customer’s A/c

D. None of these

19. A Bank Reconciliation Statement is prepared with the help of :

A. Bank statement and bank column of the Cash Book.

B. Bank statement and cash column of the Cash Book

C. Bank column of the Cash Book and cash column of the Cash Book

D. None of the above.

20. When overdraft as per Cash Book is the starting point, a cheque of Rs. 500 deposited into bank but not recorded in cash book will be :

A. Added by Rs. 500


B. Deducted by Rs. 500


C. Added by Rs. 1,000


D. Deducted by Rs. 1,000