TEST MCQ SKILLS | A Place to test Your Knowledge Test your skills about knowledge you have
Bank Reconciliation Statement – MCQs with Answers
Bank Reconciliation Statement is a very helpful tool for businesses to keep a check on their financial transactions with banks. we simply define it as ” A summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period.”
Advertisement:
14. Unfavorable balance means:
Correct!
Wrong!
2. Unfavorable balance of pass book means:
Correct!
Wrong!
10. The periodical returns sent by bank to customer is called:
Correct!
Wrong!
6. An amount of Rs.1000 is debited twice in bank statement, the effect of it on cash book:
Correct!
Wrong!
Advertisement
7. An amount of Rs.50 debited by bank as bank charges:
Correct!
Wrong!
5. The payment side of cash book is understated by Rs.200.:
Correct!
Wrong!
15. Causes of discrepancies are shown by:
Correct!
Wrong!
8. Favorable bank balance means:
Correct!
Wrong!
Advertisement
12. Bank reconciliation statement is prepared by:
Correct!
Wrong!
4. Disagreement balance of cash book and pass book is known through:
Correct!
Wrong!
9. When bank column of cash book shows a debit balance, it means:
Correct!
Wrong!
11. Bank reconciliation represents:
Correct!
Wrong!
Advertisement
1. Bank reconciliation statement is :
Correct!
Wrong!
13. Bank Reconciliation Statement is a:
Correct!
Wrong!
3. In adjusting the Cash Book balance one of the following is not taken into account.
Correct!
Wrong!
Bank Reconciliation Statement MCQs with Answers Quiz # 2
Congratulations! You Passed
Sorry!!! You Failed
Share your Results:
