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Bank Reconciliation Statement Test 19

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Bank Reconciliation Statement Test 19
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  • Question 1
    1 / -0
    While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, An under cast of  Bank column on Debit side of the Cash Book is:
  • Question 2
    1 / -0
    While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, Direct payments are:
  • Question 3
    1 / -0
    One outgoing Cheque of Rs. 112 recorded in the Cash Book but omitted to be sent to creditor. When the balance as per Cash Book is the starting point ___________________.
  • Question 4
    1 / -0
    A cheque of Rs. 112 received from a debtor deposited but omitted to be recorded in the Cash Book (Note: Bank has collected and credited this cheque). When balance as per Cash Book is the starting point, __________ .
    Solution

    When cheques received from customer are deposited into the bank for collection and is cleared, the bank balance as per paasbook increases. So, to reconcile the balance, such amount is added to the bank balance as per cashbook when it is omitted to be recorded in the cashbook previously.

  • Question 5
    1 / -0
    While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, A wrong credit in a Pass Book is:
    Solution
    In case the bank reconciliation statement begins with the debit balance as per the bank column of the cash book, add all the amounts erroneously credited by the bank and deduct all the amounts erroneously credited by the bank.
    Therefore, A is the correct option.
  • Question 6
    1 / -0
    While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, A wrong debit in a Pass Book is: 
  • Question 7
    1 / -0
    While preparing a Bank Reconciliation Statment taking the balance as per Cash Book as the starting point, An under cast of deposit column in Pass Book is :
  • Question 8
    1 / -0
    A cheque of Rs. 112 received from a debtor recorded in the cash book but omitted to be banked. When balance as per Cash Book is the starting point.
  • Question 9
    1 / -0
    Second hand machine was purchased for Rs. 1,00,000 through a broker who charged 1%. It was brought to factory after incurring transportation cost of Rs. 2,000 and then was repaired at a cost of Rs. 3,000 and the installed at a cost of Rs. 4,000 to take trial run production which cost Rs. 5,000. The commercial production begun and continued upto 11 months at the end of which, this machine was again repaired at a cost of Rs. 6,000. The amount debited to Machinery Account will be -
  • Question 10
    1 / -0
    While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point, Debit balance of Rs. 112 brought forward as credit balance of Rs. 121 is:
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