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Bank Reconciliation Statement Test - 32

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Bank Reconciliation Statement Test - 32
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  • Question 1
    1 / -0
    On $$31$$st March $$2012$$, bank balance as per cash book (Dr.) Rs.$$10,000$$. A comparison of pass book and cash book revealed the following -
     -Cheques deposited for Rs.$$10,000$$ out of these cheques bank credited cheques of Rs.$$2,500$$
     -Bank charges Rs.$$50$$ was not entered in cash books.
    Balance as per pass book will be ________.
    Solution
    The reconciliation statement is as follows :
     Particulars Amount in Rs. 
      Bank balance as per cash book (Dr.) as on 31 st March 2012$$10000$$ 
     LessCheques deposited but not cleared  $$7500$$ 
     LessBank charges not entered $$50$$ 
      Balance as per pass book (Cr.) as on 31 st March 2012 $$2450$$
  • Question 2
    1 / -0
    Bank balance as per pass book (Cr.) Rs.$$5,090$$. A comparison of passbook and cash book revealed the following -
     -The bank had directly collected dividend of Rs.$$80$$ and interest Rs.$$60$$.
     -As per standing instrcution bank had paid bills of Rs.$$400$$.
    Balance as per cash book will be ________.
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
     Bank balance as per pass book (Cr.) $$5090$$ 
     LessDividend collected directly $$80$$ 
     LessInterest collected directly $$60$$ 
     AddBills paid as per standing instruction $$400$$ 
      Balance as per cash book (Dr.)$$5350$$ 
  • Question 3
    1 / -0
    On $$30$$th September overdraft as per cash book of Z Ltd. was Rs.$$81,000$$. The bank had directly collected dividend of other companies Rs.$$4,375$$ and interest Rs.$$3,000$$. As per standing instruction bank had paid bills of Rs.$$6,135$$. Cheque deposited for Rs.$$22,324$$ was not credited in pass book. With the help of above information balance as per pass book should be ____________.
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
      Overdraft as per cash book $$81000$$ 
     Less Dividend directly collected by bank $$4375$$ 
     LessInterest directly collected by bank$$3000$$ 
     AddBills directly paid by bank as per standing instruction $$6135$$ 
     AddCheque deposited but not credited in cash book $$22324$$ 
      Overdraft as per pass book $$102084$$
  • Question 4
    1 / -0
    On $$31$$st December overdraft as per cash book - Rs.$$16,200$$. A comparison of pass book and cash book revelead the following:
     -Cheques deposited for Rs.$$700$$ was not credited in pass book.
     -Out of cheques of Rs.$$900$$ issued, only cheques amounting to Rs.$$825$$ were presented for payments.
    Overdraft as per pass book will be _____________.
    Solution
    The reconciliation is as follows :
     Particulars Amount in Rs 
     Overdraft as per cash book as on 31 st December $$16200$$ 
     AddCheque deposited but not credited $$700$$ 
     LessCheque issued but not presented for payment $$75$$ 
     Overdraft as per pass book as on 31 st December $$16825$$ 
  • Question 5
    1 / -0
    On $$31$$st December overdraft as per pass book-Rs.$$19,440$$. A comparison of pass book and cash book revealed the following:
     -Cheque deposited for Rs.$$840$$ was not credited in pass book.
     -Out of cheques of Rs.$$1,080$$ issued, only cheques amounting to Rs.$$990$$ were presented for payments.
    Overdraft as per cash book will be __________.
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
      Overdraft as per pass book$$19440$$ 
     Less Cheque deposited but not credited in pass book$$840$$ 
     AddCheque issued but not presented for payment $$90$$ 
      Overdraft as per cash book$$ 18690$$
  • Question 6
    1 / -0
    On $$31$$st December overdraft as per cash book- Rs. $$16,200$$. A comparison of pass book and cash book revealed the following:
    - Cheque deposited for Rs. $$700$$ was not credited in pass book.
    - Out of cheques of Rs. $$900$$ issued only cheques amounting to Rs. $$825$$ were presented for payments.
    Overdraft as per pass book will be _______ .
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
      Overdraft as per cash book $$16200$$ 
     AddCheque deposited but not credited in pass book $$700$$ 
     LessCheques issued but not presented for payment $$75$$ 
      Overdraft as per pass book $$16825$$ 
  • Question 7
    1 / -0
    If the bookkeeper recorded a bank deposit of Rupees 450, but the bank recorded the deposit at its correct amount of Rupees 540. The bank reconciliation will require a/an _________.
    Solution
    Bank has recorded the deposit amount which was actually paid by the business to the bank i.e$$Rs.540$$.
    However the bookkeeper has recorded the same at an amount lower than what was actually paid i.e $$Rs.450$$.
    Hence, to make it correct an addition is required to be done for the differential amount= $$Rs.540$$-$$Rs.450$$= $$Rs.90$$ in the bank reconciliation statement.
  • Question 8
    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 book was under cast by Rs. $$712.50$$.
    Balance as per cash book will be __________ .
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
      Balance as per pass book (Cr.) $$9000$$
     AddCheques dishonoured but not recorded in cash book $$375$$ 
     AddTotal of credit column of cash book being under cast $$712.5$$
      Balance as per cash book (Dr.)$$10087.5$$ 
  • Question 9
    1 / -0
    The bookkeeper recorded a cheque at Rupees 340.56 for store supplies. The cheque was recorded by the bank at its correct amount of Rupees 430.65. The bank reconciliation will require a/an ______.
  • Question 10
    1 / -0
    On $$31$$st March, $$2012$$ the pass book of Z showed a credit balance of Rs.$$2,16,000$$. A comparison of pass book and cash book revealed the following:
     -Cheques deposited but not cleared $$1,08,150$$ by $$31$$st March          .
     -Cheques issued by Z but not $$26,000$$ presented for payment before $$1$$st April,$$2012$$.
    Balance as per cash book will be ___________.
    Solution
    The reconciliation is as follows : 
      ParticularsAmount in Rs. 
     Credit balance as per pass book $$216000$$ 
     AddCheque deposited but not cleared $$108150$$ 
     LessCheque issued but not presented for payment $$26000$$ 
      Debit balance as per cash book$$298150$$ 
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