{"id":19337,"date":"2022-06-04T02:00:31","date_gmt":"2022-06-03T20:30:31","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=19337"},"modified":"2022-05-23T14:54:25","modified_gmt":"2022-05-23T09:24:25","slug":"mcq-questions-for-class-11-accountancy-chapter-5","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-5\/","title":{"rendered":"MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Accountancy with Answers<\/a>. You can also verify your answers from our provided Bank Reconciliation Statement Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on Bank Reconciliation Statement Class 11 Objective Questions.<\/p>\n

Bank Reconciliation Statement Class 11 MCQs Questions with Answers<\/h2>\n

Select the Correct Answer<\/span><\/p>\n

Question 1.
\nA bank reconciliation statement is prepared by
\n(a) Creditors
\n(b) Bank
\n(c) Account holder in a bank
\n(d) Debtors<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Account holder in a bank<\/p>\n<\/details>\n

\n

Question 2.
\nA bank reconciliation statement is prepared with the balance
\n(a) Passbook
\n(b) Cash book
\n(c) Both passbook and cash book
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Both passbook and cash book<\/p>\n<\/details>\n

\n

Question 3.
\nPassbook is a copy of:
\n(a) Customer account
\n(b) Bank column of cash book
\n(c) Cash column of cash book
\n(d) Receipts and payments<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Customer account<\/p>\n<\/details>\n

\n

Question 4.
\nUnfavourable bank balance means
\n(a) Credit balance in passbook
\n(b) Credit balance in cash book
\n(c) Debit balance in cash book
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Credit balance in cash book<\/p>\n<\/details>\n

\n

Question 5.
\nFavourable bank balance means :
\n(a) Credit balance in the cash book
\n(b) Credit balance in passbook
\n(c) Debit balance in the cash book
\n(d) Both (b) and (c)<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Both (b) and (c)<\/p>\n<\/details>\n

\n

Question 6.
\nA bank reconciliation statement is mainly prepared for
\n(a) Reconcile the cash balance of the cash book
\n(b) Reconcile the difference between the bank balance shown by the cash book and bank passbook
\n(c) Both (a) and (b)
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Reconcile the difference between the bank balance shown by the cash book and bank passbook<\/p>\n<\/details>\n

\n

Fill in the blanks<\/span><\/p>\n

Question 1.
\nPassbook is a copy of ………………. as it appears in the ledger of the bank.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: customer account<\/p>\n<\/details>\n

\n

Question 2.
\nWhen money is withdrawn from the bank, the bank ……………… the account of the customer.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: debit<\/p>\n<\/details>\n

\n

Question 3.
\nNormally, the cash book shows a debit balance, passbook shows ……………….. balance.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: credit<\/p>\n<\/details>\n

\n

Question 4.
\nFavourable balance as per the cash book means …………….. balance in the bank column of the cash book.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: debit<\/p>\n<\/details>\n

\n

Question 5.
\nIf the cash book balance is taken as starting point the items which make the cash book balance smaller than the passbook must be ………………. for the purpose of reconciliation.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: added<\/p>\n<\/details>\n

\n

Question 6.
\nIf the passbook shows a favourable balance and if it is taken as the starting point for the purpose of bank reconciliation statement then cheques issued but not presented-for payment should be ……………… to find out cash balance.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: deducted<\/p>\n<\/details>\n

\n

Question 7.
\nWhen the cheques are not presented for payment, favourable balance as per the cash book is ……………… than that of the passbook.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: lower\/less<\/p>\n<\/details>\n

\n

Question 8.
\nWhen a banker collects the bills and credits the account passbook overdraft shows ……………….. balance.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: less\/lower<\/p>\n<\/details>\n

\n

Question 9.
\nIf the overdraft as per the passbook is taken as the starting point, the cheques issued but not presented are to be ………………… in the bank reconciliation statement.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: added<\/p>\n<\/details>\n

\n

Question 10.
\nWhen the passbook balance is taken as the starting point items which makes the passbook balance ……………… than the balance in the cash book must be deducted for the purpose of reconciliation.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: higher<\/p>\n<\/details>\n

\n

State whether each of the following statements is True or False.<\/span><\/p>\n

Question 1.
\nPassbook is the statement of account of the customer maintained by the bank.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 2.
\nA business firm periodically prepares a bank reconciliation statement to reconcile the bank balance as per the cash book with the passbook as these two show different balances for various reasons.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 3.
\nCheques issued but not presented for payment will reduce the balance as per the passbook.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 4.
\nCheques deposited but not collected will result in increasing the balance of the cash book when compared to passbook.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 5.
\nOverdraft as per the passbook is less than the overdraft as per cash book when there are cheques deposited but not collected by the banker.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 6.
\nThe debit balance of the bank account as per the cash book should be equal to the credit balance of the account of the business in the books of the bank.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 7.
\nFavourable bank balance as per the cash book will be less than the bank passbook balance when there are unpresented cheques for payment.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 8.
\nDirect collections received by the bank on behalf of the customers would increase the balance as per the bank passbook when compared to the balance as per the cash book.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 9.
\nWhen payments made by the bank as per the standing instructions of the customer, the balance in the passbook will be more when compared to the cash book.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Use the above-provided NCERT MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 11 Accountancy Bank Reconciliation Statement MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Accountancy with Answers. You can also verify your answers from our provided Bank …<\/p>\n

MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[35],"tags":[],"yoast_head":"\nMCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers - MCQ Questions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers - MCQ Questions\" \/>\n<meta property=\"og:description\" content=\"Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 5 Bank Reconciliation Statement with Answers Pdf free download are compiled here to get good practice on all fundamentals. 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