Self Studies

Bank Reconcilia...

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  • Question 1
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    How would deposits in transit be handled when reconciling the ending cash balance as per the bank statement to the correct adjusted cash balance?

  • Question 2
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    In bank reconciliation statement the account of outstanding cheques is added to ____  book balance of cash.

  • Question 3
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    Bank balance as per cash book (Dr.) Rs. $$25,450$$. A comparison of pass book and cash book revealed the following:
    - The bank had directly collected dividend of Rs. $$400$$ and interest Rs. $$300$$.
    - As per standing instruction bank had paid bills of Rs. $$2,000$$.
    Balance as per pass book will be ___________ .

  • Question 4
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    A bank reconciliation statement is prepared by.

  • Question 5
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    Bank charges amounting to Rs. $$5,000$$ was not entered in the cash book. Identify the correct adjustment in cash book.

  • Question 6
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    Bank balance as per pass book (CR.) Rs. $$5,090$$. A comparison of pass book and cash book revealed the following:
    - The bank had directly collected dividend of Rs. $$80$$ and interest Rs. $$60$$.
    - As per standing instruction, bank had paid bills of Rs. $$400$$.
    Balance as per cash book will be _____________.

  • Question 7
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    Unfavourable balance as per cash book means which of the following?

  • Question 8
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    When debit balance as per cash book is the starting point, direct deposits by customers are __________ .

  • Question 9
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    Favourable balance as per cash book means which of the following?

  • Question 10
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    Favourable balance as per pass book means which of the following?

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