Accounts BRS 20 Questions Priya Punya

Overdraft means _____ balance of the Cash Book.

• Closing

• Opening

• Credit

• Debit

When a cheque is deposited and collected by bank Pass Book is _____

• Debited

• Credited

• Written

• Dishounoured

A _____ is a summary of financial transactions that take place over a period of time on a bank account.

• Withdrawal Slip

• Bank Advice

• Bank Statement

• Pay-In-Slip

Debiting an entry in Cash Book _____ cash balance.

• Increases

• Decreases

• Nullifies

• None of the Above

Bank Reconciliation Statement is prepared by _____.

• Student

• Business Man

• Bank employee

• All of the Above

Bank balance as per Pass Book means

• credit

• opening

• an extract

Bank gives overdraft facility to _____ account holder.

• Savings

• Recurring

• Current

• Fixed

Debit balance as per Cash Book is also known as _____ balance.

• Favourable

• Overdraft

• Abnormal

• Unfavourable

When extracts of Cash Book and Pass Book are given for uncommon periods, only _____ items are considered for preparation of Bank Reconciliation Statement.

• Uncommon

• Common

• Favourable

• Unfavourable

When extract of Cash Book and Pass Book are given for common period, only _____ items are considered for preparation of Bank Reconciliation Statement.

• Uncommon

• Common

• Favourable

• Unfavourable