Practice Test

Q1) Bank Reconciliation Statement is prepared by ________.
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Q2) Pass book is _________ of account holder’s transaction with the bank.
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Q3) When cheque is ________ into Bank, cash book is debited.
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Q4) Bank gives overdraft facility to _______ account.
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Q5) Overdraft means _______ balance of pass book.
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Q6) _______ provides overdraft facility.
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Q7) Unfavorable pass book balance indicates _________.
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Q8) The debit balance of cash book is _________.
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Q9) Unfavorable cash book balance indicates ________.
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Q10) Deposited cheque cleared will be shown on the -------- side of pass book? Show Answer

Q11) Bank charges are ------ in cash Book and ---- in pass book? Show Answer

Q12) For decrease in the bank balance entry is recorded on -------------- Pass Book. Show Answer

Q13) A Copy of our account in the bank ledger is given to us known as ---- ? Show Answer

Q14) Bank paid bills Payable on our behalf as per our standing instruction will be ----- in pass Book? Show Answer

Q15) A statement is prepared to reconcile the balance shown as per Cash Book and Pass Book is known as --------------. Show Answer

Q16) In Bank Reconciliation Statement, taking Cash Book balance as the base, a cheque issued but not presented for payment will be -------. Show Answer

Q17) If B.R.S is started by taking overdrafts as per Cash Book and total of less side is heavy, then the resultant figure will be called ---- as per Book Show Answer

Q18) Bank overdraft means ------ balance as per Pass Book. Show Answer

Q19) In Case of overdraft, when cheque is deposited, overdraft is ------------. Show Answer

Q20) Interest on overdraft is charged by ------ on -----. Show Answer

Q21) In case of favorable balance as per Pass Book, it is necessary to ---- bank charges to find out the balance as per cash. Show Answer

Q22) A copy of customer's account in the ledger of the bank is called ----------. Show Answer

Q23) Interest on bank overdraft is recorded on ----- side of Passbook. Show Answer

Q24) Bank Reconciliation Statement is ----- prepared by an account holder. Show Answer

Q25) Bank balance as per Cash Book means ---- balance. Show Answer

Q26) Debit balance in the Passbook represents ----------. Show Answer

Q27) Overdraft as per Cash Book means a ----- balance. Show Answer

Q28) Bank column provide in the two column Cash Book represents ------ account in the bank. Show Answer

Q29) Cheque Deposited and credited into bank ----- the overdraft . Show Answer

Q30) Bank Reconciliation statement is prepare at the end of stipulated period. Show Answer

Q31) Overdraft facility is allowed to proprietors personal account. Show Answer

Q32) Debit balance of pass book represents overdraft. Show Answer

Q33) Credit balance of Bank column of Cash book represents the balance as per Cash Book. Show Answer

Q34) Bank charges debited by Bank increases bank balance in the pass book. Show Answer

Q35) Interest credited in Pass book is an income to the Customer. Show Answer

Q36) Bank Reconciliation Statement is prepared to detect the errors that takes place in accounting. Show Answer

Q37) Withdrawals increase the bank balance. Show Answer

Q38) Interest on bank balance is credited in the pass book. Show Answer

Q39) Bank account is a Nominal account. Show Answer

Q40) Interest Debited in a pass book is an income for a customer. Show Answer

Q41) Bank charges are recorded on the credit side of a cash book. Show Answer

Q42) Bank overdraft means debit balance of a customer's account with the bank. Show Answer

Q43) The Bank reconciliation Statement is also called the bank statement. Show Answer

Q44) Bank Reconciliation statement is prepared by the trader. Show Answer

Q45) Bank Reconciliation statement is prepared only at the end of every year. Show Answer

Q46) Bank Balance as per Cash Book means debit balance as per Cash Book. Show Answer

Q47) Credit Balance in the Cash book reflects as debit balance in Pass book. Show Answer

Q48) Interest on overdraft is credited in the pass book. Show Answer

Q49) Interest on bank balance increases the balance, while interest on overdraft increases the overdraft. Show Answer

Q50) Deposits of cash as well as cheques into the bank reduces the bank balance. Show Answer

Q51) Interest on bank overdraft is an expense of the current account holder. Show Answer

Q52) The debit balance of cash book is written in the 'plus column' when bank reconciliation statement is prepared by alternative method. Show Answer

Q53) If a cheque is deposited in the bank and dishonored later, bank will credit the customer's A/c with dishonored.Charges and reduce the bank balance. Show Answer

Q54) Interest on overdraft is debited in pass book. Show Answer

Q55) There may a time gap between recording of transaction in the books of accounts by the businessman and it being recorded by bank. Show Answer

Q56) A Bank reconciliation statement reduces the chances of various fraud by the staff handling cash. Show Answer

Q57) Bank allows the entire customer to check its ledger. Show Answer

Q58) Entry is recorded on withdrawal side of pass book for increase in bank balance. Show Answer

Q59) Usually bank balance as per Cash Book and Pass Book are found same because same entries recorded in both. Show Answer

Q60) Bank will credit in the pass book for cheques deposited by the customer. Show Answer

Q61) Bank debits customer's account for Bank charges. Show Answer

Q62) B. R. S. is the statement periodically prepared by bank. Show Answer

Q63) In B. R. S. is at the time of Cash Book balance as the base, an item of cheque deposited but not cleared will be added. Show Answer

Q64) Bank debits customer's account at the time of deposited cheque dishonored. Show Answer

Q65) Interest on overdraft is credited in Pass Book. Show Answer

Q66) Bank reconciliation statement is a part of ledger. Show Answer

Q67) Credit balance of Pass Book indicates excess of deposited over withdrawals Show Answer

Q68) Overcasting in the receipt side of the Cash Book increases the bank balance in the Cash Book. Show Answer

Q69) Debit side of Pass Book is known as ------ While credit of Pass Book is known. Show Answer

Q70) The debit balance of cash book is written in the ‘plus column’ when bank reconciliation statement is prepared by alternative method. Show Answer

Q71) If a cheque is deposited in the bank and dishonoured later, bank will credit the customers A/c with dishonoured charges and reduce the bank balance. Show Answer

Q72) There may be a time gap between recording of transactions in the book of accounts by the businessman and being recorded by the bank. Show Answer

Q73) reconciliation statement reduces the chances of various frauds by the staff handling cash. Show Answer

Q74) The cash books showed an overdraft of Rs.3,000 as cash at bank , but the pass book made upon the same date showed that cheque of Rs.200,Rs.100 and Rs.250 respectively had not been presented for payment & the cheque of Rs.800 paid into account had not been cleared . The balance as per the cash book will be
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Q75) While preparing a Bank reconciliation Statement taking the balance as per Cash book as the starting point, a wrong credit in a pass book is
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Q76) which of the following item is not to be appear in the Bank reconciliation statement if the balance as per the amended cash book is taken as starting point
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Q77) If the cheque is not presented for the payment upto the date of the preparation of the Bank Reconciliation Statement, then the balance as per Pass Book will be -
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Q78) When money is withdrawn from Bank, the Bank -
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Q79) Sumitra, a customer of Vijay deposited Rs. 1000 directly in his Bank A/c for this Sumita will debit the A/c of -
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Q80) Bank Overdraft as per Cash Book means
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Q81) Unfavorable balance as per Bank Pass Bank means which of these
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Q82) Bank reconciliation is prepared by
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Q83) Entry in credit side of Bank Pass Book implies
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Q84) Entry in debit side of Bank Cash Book implies
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Q85) Which of these types of error are not detected during Bank reconciliation ?
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Q86) The balance of Cash Book shown
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Q87) Balance as per Cash Book on 31.03.2009 Rs. 10,000 Cheque issued and presented on 4th April Rs. 2,300 . Cheque sent to Bank but not credited Rs.2,000. B/P paid by Bank not entered in Cash Book Rs.800. Balance on per Pass Book will be Show Answer

Q88) Mr. Shyam deposited a cheque on 28th March, 2009 for a sum of Rs.10,000. The cheque was collected on 4th April 2009. If the Bank Balance as per Cash Book on 31st March, 2009 is Rs.1,00,000, balance as per Pass Book will be
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Q89) Bank Accounts balance of Mukesh was balanced on 31st March.It showed an O/D of Rs.50,000. It was observed that a cheque for Rs.20,000 deposited but not collected till 31st March. Bank charges Rs.500 were charged by Bank in March but accounted in the book Mukesh on April 4. The Bank statement show balance of :
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Q90) When debit balance as per Cash Book is the starting point, un-presented cheques are:
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Q91) When favourable balance as per Cash Book starting Point, un-presented cheques are :
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Q92) When preparing a Bank reconciliation statement, if you start balance as per Cash Book, then dividends directed collected by Bank but not yet entered in Cash Book within the period are-
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Q93) When preparing a Bank reconciliation statement, if you start debit balance as per Cash Book, cheques sent to Bank but not collected should be -------
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Q94) An amount of Rs.2,500 is debited twice in the Bank column of Cash Bank. When credit balance as per Pass Book is the starting point which one of these adjustment would be done at the time of reconciliation
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Q95) In the Bank reconciliation statement, when balance as per Cash Book is taken on the starting point, then interest collected by Bank 500 and direct deposit by a customer into his Bank Rs. 2500 will be -
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Q96) In the Bank Reconciliation Statement, when balance as per the Cash book is taken as the starting point, then direct deposits from the customer of Rs.2500 in the Bank will be
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Q97) Bank credited Rs.625 for interest in Pass-Book. In BRS, stating with Cash Book balance, this item will be -
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Q98) Bank has depited Rs.150 for Bank charges in Pass-book. In the BRS, starting with Cash Book, this item will be
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Q99) Cheque of Rs.250 received on 30-04-2009 but deposited on 01-05-2009. In the BRS as on 30-04-2009, starting with Cash Book balance, this item will be
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Q100) Cheque drawn in April 2009 but presented in May 2009; Rs. 1,525. In the BRS , starting with Cash Book balance, these item will be Show Answer

Q101) Cheque received from customers and deposited in the Bank were not credited in Pass-book for Rs.1,000. In the BRS, starting with Cash Book balance, this item will be Show Answer

Q102) Creditors were given cheques for payment of which the following creditors have not presented to the Bank: Ramchandra- Rs.9,00 , Shyamchandra - Rs.1,200. In the BRS, starting with Cash Book balance,these items will be Show Answer

Q103) Bank has debited Rs.125 for commission in Pass-book. In the BRS , starting with Cash Book, this item will be
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Q104) A cheque for Rs.5,000 issued to Eshwar was recorded in the Cash Book for Rs.500. In the BRS, starting with Cash Book balance
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Q105) The receipt side of the Cash Book was overcast by Rs.1,000. In the BRS,starting with Cash Book balance
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Q106) A cheque deposited amounting to Rs.1,000 is dishonoured. Bank has debited the amount of the cheque and Rs.15 for its charges. In the BRS, starting with Cash Book balance
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Q107) The debit side of the Pass Book was under-cast by Rs.7,000.In the BRS, starting with Cash Book balance
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Q108) In BRS, when balance as per Cash Book is taken as the starting point, Bank charges debited by Bank Rs.10, Cheques paid in but dishonoured Rs.200 and cheques paid in but credited by Bank Rs. 950 will be -
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Q109) A cheque of Rs. 4,000 issued to Dinkar was recorded twice in the Cash Book. In the BRS,starting with Cash Book balance
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Q110) One debtor deposited Rs.750 in the Bank account of Rajesh of which Rajesh had no information. In the BRS, starting with Cash Book balance, this item will be
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Q111) A cheque for Rs. 8,000 received from Hari was recorded properly in the Cash Book, but it was not deposited in the Bank by oversight. In the BRS,starting with Cash Book balance
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Q112) Debit Balance as per Cash Book of Narayan Enterprises as on 28th February 2009 is Rs.15,000.Cheques deposited but not cleared Rs.660 and cheques issued but not presented for Payment Rs.2150. balance a per Pass Book should be -
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Q113) Bank has credited interset on investments, Rs.750, which is not reconded in Cash-book. In the BRS, starting with Cash Book balance, this item will be
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Q114) Bank has credited Rs.250 for interest in the Pass-book. In the BRS,starting with Cash book balance, this item will be
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Q115) When credit balance as per Pass Book is the starting point, Bank charges are -
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Q116) When the balance as per Pass Book is the starting point, cheques sent for collection but not collected are
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Q117) When preparing a Bank Reconciliation Statement,if you strat with credit balance as per Cash Book , then cheque deposited in Bank but not credited within the period are
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Q118) Cheques issued but not yet presented for payment
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Q119) Cheques paid into Bank but not yet cleared
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Q120) Interest allowed by the Bank
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Q121) Direct payment by a customer into the Bank
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Q122) Interest on investment collected by the Bank
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Q123) Of the cheques of Rs.7,500 sent for collection, cheques worth Rs. 2,500 were not credited in the Pass Book. IN the BRS starting with Pass Book balance
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Q124) Bank had directly paid Insurance Premium of Rs.150. In the BRS starting with Pass Book balance
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Q125) Mr. Krishaprasad a debtor deposited Rs.300 cash directly in the Bank account. In the BRS starting with Pass Book balance
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Q126) Bank has debited Rs.150 for Bank charges in the Pass-book balance, this item will be
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Q127) Bank had directly collected, under standing instructions from Mahesh , Rs.400 being dividend on shares. In the BRS starting with Pass Book balance
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Q128) Of the chaques of Rs.3,500,issued to creditors,cheques amounting to only Rs.2,500 were presented to Bank .In the BRS starting with Pass Book balance -
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Q129) When the overdraft as per Cash Book is the starting point, a cheque of Rs.500 deposited into Bank but not recorded in Cash Book will be :
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Q130) Cheques amounting to Rs.5,000 were paid into the Bank. Of these, cheques amounting to Rs.4,200 were cleared and credited by the Bank in the Pass Book. In the BRS starting with Cash Book overdraft
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Q131) A customer had paid Rs.850 directly into the Bank account. In the BRS starting with Cash Book overdraft
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Q132) The Bank had collected interest of Rs.1,200 on investments. This amount was not shown in the Cash Book. In the BRS starting with Cash Book overdraft
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Q133) When debit balance as per Pass Book is the starting point, direct deposits by customers are :
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Q134) When drawing up a BRS, if you start with a debit balance as per the Bank Statement, cheques issued but not presented for payment should be :
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Q135) When overdraft as per Pass Book is the starting point, Bank charged of Rs.100 recorded twice in Cash Book will be
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Q136) The credit balance of Rs. 1,000 in the Bank column of the Cash Book was carried forward as its debit balance. When overdraft as per Pass Book is the starting point,
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Q137) Bank has directly paid Rs.1,250 for rent as per starting instruction. In BRS starting with Pass Book overdraft
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Q138) A debtor has directly deposited Rs.350 in the Bank account. In the BRS starting with Pass Book overdraft -
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Q139) Cheques deposited Rs.1,000 remained uncollected. In the BRS starting with Pass Book o0verdraft
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Q140) Cheques issued amounting to Rs.2,000 remained unpaid. In the BRS starting with Pass Book overdraft-
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Q141) A cheque of Rs.550 is recorded in the Cash Book, but not sent to Bank for collected. In the BRS starting with Pass Book overdraft
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Q142) A Bank reconciliation Statement is :
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Q143) Unfavourable bank balance means:
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Q144) Balance as per Cash book is Rs.5,000. Cheques issued not presented Rs.2,000 and cheques sent for collection not collected Rs.1,500. Bank had wrongly debited the account by Rs.20. Balance as per pass book will be :
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Q145) Balance shown by Cash Book Rs.10,000 Cheques issued not presented for payment. Rs.4,000 Cheques deposited but not yet collected. Rs.3,000 Balance as per Pass book will
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Q146) Favourable balance as per Cash Book means :
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Q147) Bank balance shown in Trial Balance :
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Q148) When overdraft as per Cash book is starting point, a cheque of Rs. 500 deposited into bank but not recorded in cash book will be
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Q149) Overdraft as per Cash book means :
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Q150) Bank Reconciliation Statement is prepared by ________.
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Q151) Pass book is _________ of account holder’s transaction with the bank.
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Q152) When cheque is ________ into Bank, cash book is debited.
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Q153) Bank gives overdraft facility to _______ account.
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Q154) Overdraft means _______ balance of pass book.
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Q155) _______ provides overdraft facility.
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Q156) Unfavorable pass book balance indicates _________. Show Answer

Q157) The debit balance of cash book is _________. Show Answer

Q158) Unfavorable cash book balance indicates ________.
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Q159) A bank is an institution which deals in
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Q160) When businessman pays money to bank it is known as .
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Q161) Entry on the credit side of pass book implies
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Q162) Favourable balance as per cash book means which of the following ?
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Q163) Unfavourable balance as per pass book means which of the following ?
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Q164) A bank reconciliation statement is prepared by ____
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Q165) Which of the following is/are cause of difference of balance between cash book & the pass book ?
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Q166) Which of the following is/are cause of difference of balance between cash book & the pass book ?
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Q167) A bank reconciliaition statement is prepared by ____
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Q168) The cash book of N ltd. showed debit balance of Rs.6000. A comparison of pass book and cash book revealed the following : (a) Cheques amounting to Rs.250 has been dishonoured but not recorded in cash book. (b) Total of credit side bank column in cash book was under cast by Rs.475. Balance as per pass book will be ____
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Q169) Bank balance as per pass book Rs.5090(Cr.) A comparison of pass book and cash book revealed the following : (a) The bank had directly collected dividend of Rs.80 and interest of Rs.60. (b) As per standing instruction bank had paid bills of Rs.400. Balance as per cash book will be ________
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Q170) On 31st december overdraft as per cash book Rs.16200. A comparison of pass book and cash book revealed the following : (a) Cheque deposited for Rs. 700 was not credited in pass book. (b) Out of cheques of Rs.900 issued only cheques amounting to Rs.825 were presented for payments. Overdraft as per pass book will be ________
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Q171) On 31st march,2012 the pass book of Z showed a credit balance of Rs.216000. A comparison of pass book and cash book revealed the following : (a) Cheque deposited but not cleared by 31st march Rs.108150. (b) Cheques issued by Z but not presented for payments before 1st april 2012 Rs.26000. Balnce as per cash book will be ________
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Q172) A bank statement is a copy of ____
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Q173) Which Accounts are used to prepare Bank Reconciliation Statement?
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Q174) BRS is part of:
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Q175) Bank overdraft as per Cash Book Rs. 13500 Cheque deposited but not credited Rs. 3000 Cheque issued but not presented Rs. 6000 Overdraft as per bank statement will be
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Q176) 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 Pass Book will be -
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Q177) While preparing B.R.S with balance as per cash book which of the following will not be added.
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Q178) Bank Balance O.D. as per pass book Rs. 26,500.Calculate balance as per cash book is 1. Cheques deposited for Rs. 4700 but not collected 2. Cheques issued for Rs. 11,000 but not presented 3. Bill discounted and dishonoured Rs. 4000,and Bank paid noting charges Rs. 200
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Q179) The cash book showed an overdraft of Rs.1,50,000, but the pass book made up to the same date showed that cheques of Rs.10,000, Rs.5,000 and Rs.12,500 respectively had not been presented for payments; and the cheque of Rs. 4,000 paid into account had not been cleared. The balance as per the pass book will be:
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