P pppiBank Reconciliation
Statement with combines
Questions and Answers
questions and correct answers
with a guaranteed pass!!
,Bank Reconciliation Statement with
combines questions and correct
answers with a guaranteed pass!!
Questions and Answers
1
A Bank Reconciliation Statement is prepared to know the causes for the difference between:
The balances as per cash column of Cash Book and the Pass Book.
The balance as per bank column of Cash Book and the Pass Book
The balance as per bank column of Cash Book and balances as per cash column of Cash Book
None of the above
Start
Reconciliation Quizzes & Trivia
About This Quiz
This quiz on Bank Reconciliation Statement assesses understanding of the adjustments needed
to reconcile the differences between the cash book balance and the pass book balance. It tests
skills in identifying unrecorded transactions and calculating correct bank balances, crucial for
accurate financial reporting.
,2.
The cash book showed an overdraft of Rs. 1,500, but the pass book made up to the same date
showed that cheques of Rs. 100,Rs. 50 and Rs. 125 respectively had not been presented for
payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per
the cash book will be
Rs. 1,100
Rs. 2,175
Rs. 1,625
Rs. 1,375
Correct Answer
A. Rs. 1,625
Explanation
The cash book shows an overdraft of Rs. 1,500, but the pass book reveals that certain cheques
have not been presented for payment and a cheque paid into the account has not been cleared.
Therefore, the balance as per the cash book needs to be adjusted to account for these
transactions. The total amount of the uncleared cheques is Rs. 275 (Rs. 100 + Rs. 50 + Rs. 125),
and the uncleared cheque paid into the account is Rs. 400. Subtracting these amounts from the
overdraft of Rs. 1,500, the adjusted balance as per the cash book will be Rs. 1,625.
3.
, Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 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
1,600
1,450
1,850
1,650
Correct Answer
A. 1,650
Explanation
The correct answer is 1,650. The balance as per the cash book is Rs. 1,500. Cheques deposited
but not cleared amount to Rs. 100, which should be added to the cash book balance. Cheques
issued but not presented amount to Rs. 150, which should be deducted from the cash book
balance. The bank allowed interest amounting to Rs. 50 and collected dividend of Rs. 50 on
behalf of ABC Enterprises, which should be added to the cash book balance. Therefore, the
balance as per the pass book should be Rs. 1,500 + Rs. 100 - Rs. 150 + Rs. 50 + Rs. 50 = Rs.
1,650.
4.
Statement with combines
Questions and Answers
questions and correct answers
with a guaranteed pass!!
,Bank Reconciliation Statement with
combines questions and correct
answers with a guaranteed pass!!
Questions and Answers
1
A Bank Reconciliation Statement is prepared to know the causes for the difference between:
The balances as per cash column of Cash Book and the Pass Book.
The balance as per bank column of Cash Book and the Pass Book
The balance as per bank column of Cash Book and balances as per cash column of Cash Book
None of the above
Start
Reconciliation Quizzes & Trivia
About This Quiz
This quiz on Bank Reconciliation Statement assesses understanding of the adjustments needed
to reconcile the differences between the cash book balance and the pass book balance. It tests
skills in identifying unrecorded transactions and calculating correct bank balances, crucial for
accurate financial reporting.
,2.
The cash book showed an overdraft of Rs. 1,500, but the pass book made up to the same date
showed that cheques of Rs. 100,Rs. 50 and Rs. 125 respectively had not been presented for
payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per
the cash book will be
Rs. 1,100
Rs. 2,175
Rs. 1,625
Rs. 1,375
Correct Answer
A. Rs. 1,625
Explanation
The cash book shows an overdraft of Rs. 1,500, but the pass book reveals that certain cheques
have not been presented for payment and a cheque paid into the account has not been cleared.
Therefore, the balance as per the cash book needs to be adjusted to account for these
transactions. The total amount of the uncleared cheques is Rs. 275 (Rs. 100 + Rs. 50 + Rs. 125),
and the uncleared cheque paid into the account is Rs. 400. Subtracting these amounts from the
overdraft of Rs. 1,500, the adjusted balance as per the cash book will be Rs. 1,625.
3.
, Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 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
1,600
1,450
1,850
1,650
Correct Answer
A. 1,650
Explanation
The correct answer is 1,650. The balance as per the cash book is Rs. 1,500. Cheques deposited
but not cleared amount to Rs. 100, which should be added to the cash book balance. Cheques
issued but not presented amount to Rs. 150, which should be deducted from the cash book
balance. The bank allowed interest amounting to Rs. 50 and collected dividend of Rs. 50 on
behalf of ABC Enterprises, which should be added to the cash book balance. Therefore, the
balance as per the pass book should be Rs. 1,500 + Rs. 100 - Rs. 150 + Rs. 50 + Rs. 50 = Rs.
1,650.
4.
