CBSE Class 11 Bank Reconciliation Statement Multiple Choice Questions with Answers. MCQ Questions Class 11 Bank Reconciliation Statement with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Bank Reconciliation Statement with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 Bank Reconciliation Statement with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Bank Reconciliation Statement with Answers. You can also verify your answers from the provided MCQ Class 11 Bank Reconciliation Statement with Answers. So, ace up your preparation with MCQ of Class 11 Accountancy Examinations.
MCQ Questions Class 11 Bank Reconciliation Statement with Answers - Set - 1
Question 1:Â
Unfavorable balance means?
(a) Credit balance in the cash book
(b) Credit balance in Bank statement
(c) Debit balance in cash book
(d) Debit balance in petty cash book
Correct Answer – (A)
Question 2:Â
Uncollected checks are also known as?
(a) Outstanding checks
(b) Uncleared checks
(c) Outstation checks
(d) Both b & c
Correct Answer – (D)
Question 3:Â
The main purpose of preparing a bank reconciliation statement is?
(a) To know the bank balance
(b) To know the balance of bank statement
(c) To correct the cash book
(d) To identify causes of difference between cash book and bank statement
Correct Answer – (D)
Question 4:Â
The balance on the debit side of the bank column of cash book indicates?
(a) The total amount has drawn from the bank
(b) Cash at bank
(c) The total amount overdraft in the bank
(d) None of above
Correct Answer – (B)
Question 5:Â
A bank reconciliation statement is prepared by?
(a) Banker
(b) Accountant of the business
(c) Auditors
(d) Registrar
Correct Answer – (B)
MCQ Questions Class 11 Bank Reconciliation Statement With Answers
Question 6:Â
Favorable balance means?
(a) Credit balance in the cash book
(b) Credit balance in Bank statement
(c) Debit balance in cash book
(d) both b and c
Correct Answer – (D)
Question 7:Â
Bank reconciliation statement is?
(a) Part of bank statement
(b) Part of the cash book
(c) A separate statement
(d) a sub-division of journal
Correct Answer – (C)
Question 8:Â
Bank statement also called?
(a) Pass book
(b) Cash book
(c) Credit book
(d) Debit book
Correct Answer – (A)
Question 9:Â
Bank reconciliation is not a?
(a) Reconcile records
(b) Memorandum statement
(c) Ledger account
(d) Procedure to provide cash book adjustments
Correct Answer – (C)
Question 10:Â
When check is not paid by the bank, it is called?
(a) Honored
(b) Endorsed
(c) Dishonored
(d) a & b
