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MCQ Questions Class 11 Bank Reconciliation Statement with Answers - Set - 5
Question 1:
‘NSF’ marked in cheque sent back by the bank indicates
(a) Cheque has been forged
(b) A bank couldn’t verify the identity
(c) No sufficient money
(d) A cheque cannot be cashed because it’s illegal
Correct Answer – (C)
Question 2:
A business receives its hank statement showing the closing balance as Rs. 8,500 overdrawn. It is found that there were unpresented cheques amounting to Rs. 2,000 and uncredited deposits amounted to Rs. 1,500. Overdraft as per Cash Book is
(a) Rs. 5,000.
(b) Rs. 8,000.
(c) Rs. 9,000.
(d) Rs. 12,000.
Correct Answer – (C)
Question 3:
When check is not paid by the bank, it is called?
(a) Honored
(b) Endorsed
(c) Dishonored
(d) a & b
Correct Answer – (C)
Question 4:
Unfavourable bank balances means:
(a) Credit balance in the cash book
(b) debit balance in the pass book
(c) Debit balance in the cash book
(d) Favourable balance in the cash book
Correct Answer – (B)
Question 5:
Payment done by the account holder through issuing a cheque is entered in
(a) the Pass Book at the time of issuing the cheque
(b) the Pass Book at the time of presenting the cheque to the bank for payment
(c) the Cash Book at the time of issuing the cheque
(d) Both (b) and (c)
Correct Answer – (D)
MCQ Questions Class 11 Bank Reconciliation Statement With Answers
Question 6:
Bank Reconciliation Statement is
(a) a part of Double Entry System.
(b) not a part of Double Entry System,
(c) part of Bank Statement.
(d) None of these.
Correct Answer – (B)
Question 7:
Bank statement also called?
(a) Pass book
(b) Cash book
(c) Credit book
(d) Debit book
Correct Answer – (A)
Question 8:
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 9:
If balance in the bank statement shows Rs. 3,000 (Dr.) and there are deposits of Rs. 800 not yet credited and unpresented cheques totalling Rs. 500, the balance in the Cash Book should be
(a) Rs. 3,300 (Cr.).
(b) Rs. 2,700 (Cr.).
(c) Rs. 4,300 (Cr.).
(d) Rs. 1,700 (Dr.).
Correct Answer – (B)
Question 10:
A Bank Reconciliation Statement is:
(a) A part of cash book
(b) A part of pass book
(c) A statement prepared by bank
(d) A statement prepared by a customer
