MCQ On Bank Reconciliation Statement

The Cash Book debit balance is equivalent to?

• Credit Balance as per passbook

• Overdraft as per Cash Book

• Overdraft as per Pass Book

• None of the above

How is the Bank Reconciliation Statement prepared?

• By matching entries in the passbook with entries in the bank and cash column of the cash book

• By matching the entries in the passbook with entries in the bank column of the cash book

• By matching the entries in the passbook with entries in the cash column of the cash book

• None of the above

When the Cash amount as per the Cash Book is the beginning point, explicit deposits by the bank holder are known as?

• Subtracted

• Added

• Not need to be adjusted

• Neither of the two

The Bank Reconciliation Statement is the Part of?

• Double-entry system

• Not a Part of the Double-entry system

• Bank Statement

• None of all of these

Who is preparing the Bank Reconciliation Statement?

• Debtor

• Creditor

• Account Holder

• Bank

Which amount of the following does not need to be adjusted into the cash book balance?

• Cheques mistakenly credited by the bank

• Cheques deposited but not cleared

• cheques issued but not showing

• All of these

If the Account holder deposits the cash in the bank, then it is known as?

• Expense

• Liability

• Credit

• Debit

A Bank Reconciliation Statement is made up using the ……… from following which?

• The bank column of the Cashbook and the Bank Statement

• The Cash column of the Cashbook and Bank statement

• Bank column of the cash book and cash column of the Cashbook

• None of all of the above

The customer account is ………….when he withdraws the amount from the bank?

• Debited

• No effect

• Credited

• None of these

What is the "deposit in transit" treatment in a bank reconciliation?

• Recorded in books

• Recorded in banks

• Subtracted from the cash book balance

• Subtracted from the Passbook balance