Commerce Exam  >  Commerce Tests  >  Test: Bank Reconciliation Statement - 3 - Commerce MCQ

Test: Bank Reconciliation Statement - 3 - Commerce MCQ


Test Description

10 Questions MCQ Test - Test: Bank Reconciliation Statement - 3

Test: Bank Reconciliation Statement - 3 for Commerce 2024 is part of Commerce preparation. The Test: Bank Reconciliation Statement - 3 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Bank Reconciliation Statement - 3 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Bank Reconciliation Statement - 3 below.
Solutions of Test: Bank Reconciliation Statement - 3 questions in English are available as part of our course for Commerce & Test: Bank Reconciliation Statement - 3 solutions in Hindi for Commerce course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Bank Reconciliation Statement - 3 | 10 questions in 10 minutes | Mock test for Commerce preparation | Free important questions MCQ to study for Commerce Exam | Download free PDF with solutions
Test: Bank Reconciliation Statement - 3 - Question 1

Which of these types of errors are not detected during Bank Reconciliation’:

Detailed Solution for Test: Bank Reconciliation Statement - 3 - Question 1

Sometimes the difference between the two balances may be accounted for by an error of the bank or an error in the cash book of the business. This cause difference between the bank balance shown by the cash book and the balance shown by the bank statement. Omission or wrong recording of transactions relating to cheques issued, cheques deposited and wrong totaling, etc. committed by the firm while recording entries in the cash book cause difference between cash book and passbook balance. Cash deposited but not credited by the bank, casting mistakes in bank column of cash book and interest or commission charged by the bank but not accounted for in cash book are the types of errors which are detected, whereas cash embezzlement by the cashier is not detected during bank reconciliation.

Test: Bank Reconciliation Statement - 3 - Question 2

Bank column of a cash book of a trader shows a credit balance of Rs. 7,900 and the bank statement shows a debit balance of Rs. 10,300 on a particular date after payments made by the bank as per the standing orders. In the statement of affairs, the bank balance will be shown on:

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Bank Reconciliation Statement - 3 - Question 3

If we take balance as per Pass book which of the following will be deducted to get balance as per cash book:

Test: Bank Reconciliation Statement - 3 - Question 4

The payment side of Cash Book is under cast by Rs. 250. If the starting point of BRS is the Overdraft Balance as per Pass Book, then what would be the treatment to reach to Overdraft Balance of Cash Book?

Test: Bank Reconciliation Statement - 3 - Question 5

A Bank Reconciliation Statement is a

Test: Bank Reconciliation Statement - 3 - Question 6

Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150. The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:

Detailed Solution for Test: Bank Reconciliation Statement - 3 - Question 6


​​​​​

Test: Bank Reconciliation Statement - 3 - Question 7

Debit balance as per cash book Rs.2000
Cheques deposited but not cleared Rs. 100
Cheques issued but not presented Rs. 150
Bank allowed interest Rs. 50
Bank collected dividend Rs. 50
Balance as per Pass Book will be:

Detailed Solution for Test: Bank Reconciliation Statement - 3 - Question 7

Test: Bank Reconciliation Statement - 3 - Question 8

A Bank Reconciliation Statement is:

Test: Bank Reconciliation Statement - 3 - Question 9

When balance as per Cash Book is the starting point, uncollected cheques are:

Detailed Solution for Test: Bank Reconciliation Statement - 3 - Question 9

The correct option is B.

Since the starting point is balance as per cash book, we are making changes in cash book. Since the cheques are not collected they are not included in pass book but are added in cash book. As a result balance of cash book is more than pass book by that amount. So it should be subtracted to match the pass book.

Test: Bank Reconciliation Statement - 3 - Question 10

A debit balance in the depositor’s Cash Book will be shown as:

Information about Test: Bank Reconciliation Statement - 3 Page
In this test you can find the Exam questions for Test: Bank Reconciliation Statement - 3 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Bank Reconciliation Statement - 3, EduRev gives you an ample number of Online tests for practice
Download as PDF