Self Studies

Bank Reconcilia...

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  • Question 1
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    Bank balance as per cash book (Dr.)Rs.$$24,450$$. A comparison of pass book and cash book revealed the following
     -Bank charges Rs.$$200$$ was not entered in cash books.
     -Cheques amounting to Rs.$$250$$ has been dishonored but nor recorded in cash book.
    Balance as per pass book will be _________________.

  • Question 2
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    On $$31$$st December balance as per pass book(Cr.) Rs.$$50,900$$. A comaparison of pass book and cash book revealed the following.
     -Cheque deposited for Rs.$$1,000$$ was not credited in pass book.
     -Out of cheques of Rs.$$10,000$$ issued only cheques amounting to Rs.$$7,500$$ were presented for payments.
    Balance as per cash book will be ___________.

  • Question 3
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    In balance sheet bank balance as per ______ appears.

  • Question 4
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    The pass book of N Ltd. showed credit balance of Rs.$$9,000$$. A comparison of pass book and cash book revealed the following:
     -Cheques amounting to Rs.$$375$$ has been dishonoured but not recorded in cash book.
     -Total of credit column of cash was under cast by Rs.$$712.50$$.
    Balance as per cash book will be ________.

  • Question 5
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    Some of the transaction that is dependent on bank statement are ____________.

  • Question 6
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    The purpose of preparing a bank reconciliation statement is to ____________.

  • Question 7
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    It is not true for bank reconciliation statement __________.

  • Question 8
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    Which of the following will require adjustment of the cash book balance?

  • Question 9
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    Which of the following will require adjustment of the cash book balance?

  • Question 10
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    Bank reconciliation sometimes points to the need for adjusting entries. Invariably how should it be done?

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