CA CPT - Basics of Accounting - Bank Reconciliation Statement

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Question - 1

The pass-book can be because of

  • A Errors in recording the entries either in the cash-book or pass-book
  • B Same entry recorded in either of the book earlier and in the other book later.
  • C Debit balance of Cash Book is the credit balance of pass-book
  • D (a) and (b)

Question - 2

Direct payment to the third party on behalf of the account holder is entered in the Cash book

  • A When the amount is paid by the Bank
  • B When the entry is posted in the pass-book
  • C When the amount is paid by the Bank
  • D When the entry is posted in the pass-book

Question - 3

Payment done by the account holder through issuing a cheque is entered in the Pass book

  • A At the time of issuing the cheque
  • B At the time of presenting the cheque to the Bank for payment
  • C At the time of presenting the cheque to the Bank for payment
  • D At the time of issuing the cheque

Question - 4

Which of the following is/are not the salient features of Bank reconciliation statement

  • A Any undue delay in the clearance of cheques will be shown up by the reconciliation
  • B Reconciliation statement help in finding the person doing any fraud
  • C Reconciliation is done by the Bankers
  • D It helps in finding out the actual position of the Bank balance.

Question - 5

Which Accounts are used to prepare Bank Reconciliation Statement?

  • A Cash Column & Bank Statement
  • B Bank Column & Bank Statement
  • C Cash Column & Bank Balance
  • D None of the above

Question - 6

When Bank Reconciliation Statement is prepared

  • A Before preparing Final Accounts
  • B As and when required
  • C At the end of the year
  • D With in three months period

Question - 7

Bank reconciliation statement is prepared

  • A To know the balance of the Cash Book
  • B To know the balance of the Pass Book
  • C To tally the Cash Book balance with the Pass Book
  • D None of these

Question - 8

BRS is part of

  • A Bank Account
  • B Cash Book
  • C Financial Statements
  • D None of these

Question - 9

A Bank Reconciliation Statement is prepared to know the causes for the difference between

  • A The balances as per cash column of Cash Book and the Pass Book
  • B The balance as per Bank column of Cash Book and the Pass Book
  • C The balance as per Bank column of Cash Book and balances as per cash column of Cash Book
  • D None of the above

Question - 10

The Pass Book balance will not be equal to the cash Bank balance, if

  • A The cheques issued are presented for payment
  • B Cheques deposited are collected and credited by Bank
  • C The payments made by Bank of standing orders have not been entered in the Cash Book
  • D Bank charges have been entered in the Cash Book
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