Bank Reconciliation Statement

When money is withdrawn from bank, the bank ----------- the account of the customer.

• Debit

• Credit

Normally, the cash book shows debit balance, pass book shows -------- balance.

• Debit

• Credit

Favourable balance as per the cash book means --------------- balance in the bank column of the cash book.

• Debit

• Credit

A bank reconciliation statement is prepared by:

• Creditors

• Bank

• Account holder in a bank

• Debtors

Overdraft bank balance means:

• (a) Credit balance in passbook

• (b) Credit balance in cash book

• (c) Debit balance in cash book

• (d) Both (b) and (c)

If the Cash amount as per the passbook is the beginning point, then the cheque issued but not presented for payment will be;

• Added

• Deducted

If the Cash amount as per the passbook debit balance is the beginning point, then the insurance premium paid by the bank as per the standing instructions will be;

• Added

• Deducted