Bank Reconciliation Statement

A bank reconciliation statement is

• Part of the cash book

• Part of Bank account

• Part of financial statement

• None of the above

A cash deposit made by business appears on the bank statement as _______ balance.

• Debit

• Credit

• Expenses

• Liabilities

Whenever money is deposited by the business, a credit entry in its records corresponds to a debit entry in the bank's records.

• True

• False

If the final balance of the bank statement is credit, it indicates that the business owes the bank money.

• True

• False

What occurs when a customer has withdrawn more funds than were actually in the banking account resulting in the customer owing money to the bank?

• Credit balance

• Overdraft

• Levies

• Transactions

What do we call a cheque that the bank refused to pay the payee because the drawer has insufficient funds in his current account?

• Stale cheque

• Dishonoured cheque

• Sad cheque

• Dubious cheque

what to be recorded for updating cash book? (more than 1 answer)

• bank charge

• bank interest

• bank error

• uncredited amount

• standing order

When the balance as per cash book is the starting point directly deposit by customers are

• added

• subtracted

• not required to adjust

• neither of the two

Favourable balance of cash book implies that

• Credit balance of cash book 
•  Debit balance of cash book
•  Bank overdraft
•  Adjusted balance of cash book

Debit balance as per cash book of ABC Ltd as on 31.03.2017 is ₹ 1500 . Cheques deposited but not cleared amounts to ₹ 100 and cheques issued but not presented of ₹ 150. The bank allowed interest amounting ₹ 50 and collected dividend ₹50 on behalf of ABC Ltd. Balance as per Pass Book should be

• 1600

• 1450

• 1850

• 1650