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Bank Reconcilia...

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  • Question 1
    1 / -0

    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 2
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    When a cheque is deposited ____________ .

  • Question 3
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    Some of the transaction that is dependent on bank statement are ____________.

  • Question 4
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    The purpose of preparing a bank reconciliation statement is to ____________.

  • Question 5
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    Overdraft as per pass book of P&Co. was Rs.$$60,000$$.
     -The credit side of bank column of cash book was under cast by Rs.$$200$$.
     -Interest on bank loan Rs.$$4,000$$ and bank charges of Rs.$$1,150$$ were not recorded in cash book.
    Overdraft balance as per cash book should be _________.

  • Question 6
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    Bank reconciliation statement points out __________.

  • Question 7
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    Bank reconciliation sometimes points to the need for adjusting entries. Invariably how should it be done?

  • Question 8
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    Favourable balance as per pass book means which of the following?

  • Question 9
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    An enterprise take cash book balance as the base for preparation of bank reconciliation statement. Some of the bank charges have been put. These charges will be ___________.

  • Question 10
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    The proper treatment of outstanding cheques on a bank reconciliation when balance as per cash book is the starting point is   __________ .

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