Download App

Bank Reconciliation Statement Account - Bank Reconciliation Statement

CBSE - STD 11 Commerce - Account (CBSE - English Medium). 365 questions in this chapter.

Question types

Bank Reconciliation Statement question types

365 questions across 8 question groups — pick any mix to generate a Account paper with step-by-step answer keys.

365
Questions
8
Question groups
5
Question types
Sample Questions

Bank Reconciliation Statement questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1M.C.Q (1 Marks)1 Mark
From following which is the way to prepare Bank Reconciliation Statement.
  • ✓
    Without adjusting cash book balance.
  • B
    Before adjusting cash book balance.
  • C
    Both of the above
  • D
    None of the above

Answer: A.

View full solution →
Q 2M.C.Q (1 Marks)1 Mark
The difference in the balances of the cash book and the pass book can be because of ____________.
  • A
    Error in recording the entries either in the cash book or pass book.
  • B
    Same entry recorded in either of the book earlier and in the other book later
  • C
    Debit balance of cash book is the credit balance of pass book.
  • ✓
    Both (a) and (b).

Answer: D.

View full solution →
Q 3M.C.Q (1 Marks)1 Mark
Difference in balance as per pass book and balance as per cash book due to $......$ is not termed as timing difference.
  • A
    Cheque issued but not presented for payment.
  • B
    Dishonour of a discounted bill.
  • C
    Direct payment by the bank/ customers.
  • ✓
    Overcasting of bank pass book.

Answer: D.

View full solution →
Q 4M.C.Q (1 Marks)1 Mark
How would deposits in transit be handled when reconciling the ending cash balance as per the bank statement to the correct adjusted cash balance?
  • ✓
    Added to the balance as per the bank statement.
  • B
    Subtracted from the balance as per the bank statement.
  • C
    Added to the balance as per company records.
  • D
    Ignored.

Answer: A.

View full solution →
Q 5M.C.Q (1 Marks)1 Mark
______ is the reason for bank pass book showing higher balance than Cash book.
  • ✓
    Cheque issued but not paid.
  • B
    Cheque deposited but not cleared.
  • C
    Direct payment made by Bank.
  • D
    Interest charged by Bank.

Answer: A.

View full solution →
Q 12Assertion and Reason.1 Mark
Assertion (A): For transactions which reduce the Cash Book balance, Passbook must be decreased for the purpose of reconciliation of BRS.
Reason (R): If BRS is prepared with Passbook Balance.
View full solution →
Q 13Assertion and Reason.1 Mark
Assertion (A): Interest collected by bank is recorded on the credit side of Cash Book in Bank column.
Reason (R): Customer can give instruction to the bank to collect interest on behalf of customer
View full solution →
Q 14Assertion and Reason.1 Mark
Assertion (A): Cheque issued but not presented in the bank are called unpresented cheque.
Reason (R): It is not compulsory to present the cheque in the bank to receive the payment.
View full solution →
Q 181 Marks Question1 Mark
A cheque to ₹ 32,000 sent to bank for collection has been recorded in the cash book as ₹ 23,000. Will it be recorded in the amended cash book?
View full solution →
Q 233 Marks Question3 Marks
Prepare bank reconciliation statement as on December 31, 2017. This day the passbook of Mr. Himanshu showed a balance of ₹ 7,000.
  1. Cheques of ₹ 1,000 directly deposited by a customer.
  2. The bank has credited Mr. Himanshu for ₹ 700 as interest.
  3. Cheques for ₹ 3000 were issued during the month of December but of these cheques for ₹ 1,000 were not presented during the month of December.
View full solution →
Q 243 Marks Question3 Marks
On 31st March, 2019. Bank Account in the books of Ramesh shows a credit balance of ₹ 36,000. On the same date, outstanding cheques amounted to ₹ 14,000 and outstanding deposits a mounted to ₹ 20,000. A cheque for ₹ 5,000 received from a debtor, was subsequently dishonoured. The receipt had been correctly recorded but no entry has yet been made in the books for the dishonour. On the basis of the above information, determine the balance as per the Bank Statement.
View full solution →
Q 253 Marks Question3 Marks
On 31st March, 2019, the balance as per the Bank Statement was ₹ 10,000 debit. On the same date, outstanding cheques amounted to ₹ 30,000 and outstanding deposits amounted to ₹ 50,000. Also, there was a dishonoured cheque from a customer of ₹ 5,000 recorded in the Bank Statement but not in the Cash Book. On the basis of the above information, determine the balance as per the Cash Book.
View full solution →
Q 264 Marks Question4 Marks
On 31st December, 2014 my Cash Book showed a credit balance of ₹ 8,800. I had paid into Bank three cheques amounting to ₹ 6,000 on 24th December of which I found ₹ 3,200 have been credited in the Pass Book under date 5th January 2015. I had issued cheques amounting to ₹ 8,000 before 31st December of which I found ₹ 2,500 have been debited in the Pass Book after 1st January 2015. I find a debit of ₹ 50 in respect of bank charges in the Pass Book which I have adjusted in the Cash Book on 31st Dec. There is a credit of ₹ 360 for interest on securities in the Pass Book which remains to be adjusted. A cheque of ₹ 1,200 deposited into bank has been dishonoured.
Prepare Bank Reconciliation Statement as on 31st Dec. 2014.
View full solution →
Q 274 Marks Question4 Marks
My bank Pass Book showed an overdraft of ₹ 6,500 on 31st March, 2017. This does not agree with the Cash Book balance. From the following particulars ascertain the Cash Book balance:-
Cheques amounting to ₹ 15,000 were paid into bank in March, out of which, it appears, only cheques amounting to ₹ 4,500 were credited by bank. Cheques issued during March amounted in all to ₹ 11,000. Out of these cheques for ₹ 3,000 were unpaid on 31st March, 2017. The Pass Book stands debited with ₹ 150 for interest and with ₹ 30 for bank charges. The bank had paid the annual subscription of ₹ 100 to my club according to my instructions. The entries for interest, bank charges and subscription have not yet been made in Cash Book.
View full solution →
Q 294 Marks Question4 Marks
Prepare Bank Reconciliation Statement from the following particulars on June 30, 2016:
Bank Statement showed a favourable balance of ₹ 9,214.
  1. On 29th June, the bank credited the sum of ₹ 1,650 in error.
  2. Certain cheques, valued at ₹ 4,500 issued before June 30, were not cleared.
  3. A hire purchase payment of ₹ 950, made by a standing order was not entered in the cash book.
  4. A cheque of ₹ 600 received, deposited and credited by bank, was accounted as a receipt in the cash column of the cash book.
  5. Other cheques for ₹ 8,500 were deposited in June but cheques for ₹ 6,000 only were cleared by the bankers.
View full solution →
Q 304 Marks Question4 Marks
Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st March, 2017, the bank column of its cash book showed a debit balance of ₹ 1,54,300. However, the bank statement showed a different balance as on that date. The following were the reasons for the difference:
(i)
Cheques deposited, but not yet credited by the bank
75,450
(ii)
Cheques issued, but not yet presented for payment
80,760
(iii)
Bank charges not yet recorded in the cash book
1,135
(iv)
Cheques received by the bank directly from trade debtors
1,35,200
(v)
Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book
15,400
(vi)
Dividend collected by the bank, but not yet recorded in the cash book
1,000
Find out the balance as per the bank statement as on 31st March, 2017.
View full solution →
Q 316 Marks Question6 Marks
Raghav & Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of March 31, 2017 according to the cash book of the firm.
  1. Cheques paid into bank prior to March 31, 2017, but not credited for ₹ 10,000.
  2. Transfer of funds from account No. II to account no. I recorded by the bank on March 31, 2017 but entered in the cash book after that date for ₹ 8,000.
  3. Cheques issued prior to March 31, 2017 but not presented until after that date for ₹ 7,429.
  4. Bank charges debited by bank not entered in the cash book for ₹ 200.
  5. Interest Debited by the bank not entered in the cash book ₹ 580.
  6. Overdraft as per Passbook ₹ 18,990.
View full solution →
Q 326 Marks Question6 Marks
Prepare Bank Reconciliation Statement from the following particulars on 31st July, 2018:
  1. Balance as per the Pass Book ₹ 50,000.
  2. Three cheques for ₹ 6,000, ₹ 3,937 and ₹ 1,525 issued in last week of July, 2018 were presented for payment to the bank in August, 2018.
  3. Two cheques of ₹ 500 and ₹ 650 sent to the bank for collection were not entered in the Pass Book by 31st July, 2018.
  4. The bank charged ₹ 460 for its commission and allowed interest of ₹ 100 which were not mentioned in the Bank Column of the Cash Book.
View full solution →
Q 336 Marks Question6 Marks
Prepare Bank Reconciliation Statement from the following:On 31st March, 2019, a merchant's Cash Book showed a credit bank balance of ₹ 10,500 but due to the following reasons the Pass Book showed a difference:
  1. A cheque of ₹ 540 issued to Mohan has not been presented for payment.
  2. A post-dated cheque for ₹ 100 has been debited in the bank column of the Cash Book but under no circumstances was it possible to present it.
  3. Four cheque of ₹ 1,200 sent to the bank have not been collected so far. A cheque of ₹ 400 deposited in the bank has been dishonoured.
  4. As per instructions, the bank paid ₹ 50 as Fire Insurance premium but the entry has not been made in the Cash Book.
  5. There was a debit in the Pass Book of ₹ 15 in respect of bank charges and a credit of ₹ 25 for interest on Current Account but no record exists in the Cash Book.
  6. Cheque of ₹ 5,000 dated 15th April, 2019 issued to M & Co. was dishonoured being post dated. It was also not recorded in the books of account yet.
View full solution →
Q 346 Marks Question6 Marks
Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.
  1. Balance as per passbook on March 31, 2017 overdrawn ₹ 20,000.
  2. Interest on bank overdraft not entered in the cash book ₹ 2,000.
  3. ₹ 200 insurance premium paid by bank has not been entered in the cash book.
  4. Cheques drawn in the last week of March 2017, but not cleared till date for ₹ 3,000 and ₹ 3,500.
  5. Cheques deposited into bank on February 2017, but yet to be credited on dated March 31, 2017 ₹ 6,000.
  1. Wrongly debited by bank ₹ 500.
View full solution →
Q 356 Marks Question6 Marks
On 1st January, 2019, Naresh had an overdraft of ₹ 40,000 as shown by his Cash Book in the bank column. Cheques amounting to ₹ 10,000 had been deposited by him but were not collected by the bank by 1st January, 2019. He issued cheques of ₹ 7,000 which were not presented to the bank for payment up to that day. There was also a debit in his Pass Book of ₹ 600 for interest and ₹ 500 for bank charges.Prepare a Bank Reconciliation Statement.
View full solution →
Q 36Case Study4 Marks
Sujan initiated her startup Ishika Ltd. in $2018$. On $31^{st}$ March$, 2022,$ She was going through her Cash book and Pass Book. She found out that the pass book showed a debit balance of $Rs.\ 7,500$ which was different from her cash book Bank column balance. So, she decided to prepare a Bank Reconciliation statement to reconcile both the balances from the following particula $Rs :$
  1. Cheques paid in for collection amounted to $Rs. \ 20,600$ but cheques of $Rs.\ 7,800$ were credited on $3{rd}$ April$, 2022.$
  2. A cheque for $Rs. \ 1,000$ debited in the cash book was omitted to be banked.
  3. Cheques amounting to $Rs\ . 7,800$ were drawn on $27^{th}$ March, of which cheques of $Rs. \ 2,400$ were cashed upto $31^{st}$ march$, 2022.$
  4. A cheque of $Rs.\ 800$ was banked and credited, but omitted to be recorded in the Cash Book.
  5. Bank charged interest on overdraft $Rs, \ 650.$
Based on above information you are required to answer the following questions.
$1.$ How would you dealt with the bank interest charged by bank on overdraft?
$A.$ Plus $Rs\ . 650$
$B.$ Plus $Rs\ . 1,300$
$C.$ Not be recorded
$D.$ None of the above
$2.$ A cheque of $Rs\ . 800$ was banked and credited, but omitted to be recorded in the Cash Book. in Bank Reconciliation Statement, Sujan should:
$A.$ Ignore it
$B.$ Record it as minus $Rs\ .800$
$C.$ Record it as plus $Rs\ . 800$
$D.$ Either $A$ or $C$
$3.$ A cheque for $Rs\ . 1,000$ debited in the cash book was omitted to be banked. This error had not affected the balances so it should be ignored$-$ says Sujan. Sujan is
$A.$ Right
$B.$ No she is wrong, she should minus it from passbook balance
$C.$ No she is wrong, she should plus it in passbook balance
$D.$ Cannot be determined
$4.$ Cheques amounting to $Rs\ . 7,800$ were drawn on $27^{th}$ March, of which cheques of $Rs\ . 2,400$ were cashed upto $31^{st}$ march$, 2022$. This transaction should be recorded as $-$
$A.$ Minus $Rs\ . 7,800$
$B.$ Minus $Rs\ . 2,400$
$C.$ Minus $Rs\ . 5,400$
$D.$ Minus $Rs\ . 10,200$
View full solution →
Q 37Case Study4 Marks
After completing his $12^{th}$ class with commerce stream, Raman started to assist his father in their family business named, Raman Sons.. One day while going through the Cash Book of Raman Sons, he found that the cash book showed a balance of $Rs. 2,500$ at Bank as on $31^{st}$ December, $2021.$ He recalled the topic of Bank reconciliation statement studied by him during his $11^{th}$ standard in Accountancy subject. Thus, he tried to tally the balance of Cash book with Pass book. He found out that there is some mismatch, so he enquired and found that they sent cheques amounting to $Rs. 13,500$ for collection before $31^{st}$ December, but it seems from Pass Book that cheques for $Rs. 8,500$ had been credited by this date. Similarly, they issued cheques for $Rs. 9,800$ in the month of December, but cheques for $Rs. 1,350$ were presented in January, $2022.$
The pass book also revealed that bank collected dividend on securities $Rs. 1,000$ as per standing instruction. Bank also charged $Rs. 210 $ as incidental charges. Both of these entries were not passed in the Cash Book. So, he tried to prepare a
Bank Reconciliation Statement to reconcile the balance of cash book with the balance of pass book.
$1.$ When Bank Reconciliation Statement is prepared with debit balance as per Cash Book, the Balance derived will be
$A.$ Credit Balance as per Pass Book
$B.$ Debit Balance as per Cash Book
$C.$ Debit Balance as per Pass Book
$D.$ Either $(A)$ or $(C)$
$2.$ In Bank Reconciliation Statement, Cheques issued but not presented for payment in December would amount to:
$A.$ Plus $Rs. 8,450$
$B.$ Minus $Rs. 1,350$
$C.$ Plus $Rs. 1,350$
$D.$ Minus$ Rs. 8,450$
$3.$ In Bank Reconciliation Statement, dividend collected by the bank on securities will be recorded as:
$A.$ Plus $Rs. 1,000$
$B.$ Minus $Rs. 1,000$
$C.$ Will not be recorded
$D.$ Both $A$ and $B$
$4.$ In Bank Reconciliation Statement, Cheques deposited but not yet cleared would be recorded as:
$A.$ Plus $Rs. 5,000$
$B.$ Minus $Rs. 5,000$
$C.$ Plus $Rs. 8,500$
$D.$ Minus $Rs. 8,500$
View full solution →
Browse all question groups ↑

Generate a Bank Reconciliation Statement paper free

Pick question groups from the list above, set marks and difficulty, and export a branded PDF with step-by-step answer keys. First 3 chapters free — no signup.

Download App
Generate Paper FreeAll Account chapters