Quiz about BANK-RECONCILIATIONS-STATEMENTS IN GENERAL AWARENESS

Question 1

The credit balance as per Cash Book is ₹1500. Cheques for ₹400 were deposited but were not collected. The cheques issued but not presented were ₹100 ₹125 and ₹50. Balance as per Book will be A. ₹1100 DebitB. ₹1625 DebitC. ₹2175 CreditD. ₹1625 Credit

Accepted Answer

NA

Question 2

Rim Zim Ltd. Maintains a current with the State Bank of India. On 31st March 2017 the bank column of its cash book showed a debit balance of ₹154300. Howerver the bank statement showed a different balance as on that dete. The follwing were the reasons for the difference  (i) Cheques deposited but not yet credited by the bank. ₹ (ii) Cheques issued but not yet presented for payment 75450 (iii) Bank charged not yet recorded int eh cash book 80760 (iv) Cheques received by the bank directly from trade debtors 135200 (v) Insurance premimum paid by the bank as per standing instructions but not yet recorded in the cash book. 15400 (vi) Dividend collected by the bank but not yet recorded in the cash book Find out the balance as per the bank statement as on 31st March 2017

Accepted Answer

NA

Question 3

The balance of cash at bank as shown by the Cash Book of Pan & Pan Co. on 31st Decemberm 2016 was ₹7500. On checking the entries in the Cash Book with the Pass Book it was ascertqained that cheques fo ₹500 and ₹700 respectively paid in on 30th December were not credited until the 2nd January following adn three cheques of ₹600 ₹600 and ₹1200 issued on the 28th December were not presented until the 3rd of January. There was a credit of ₹125 in the Pass Book in respect of interst under dete 31st December which was not entered in the Cash Book. There were also Bank Charges debited in the Pass Book amounting in all to ₹10 which were not entered in the pass Book amounting in all the ₹10 whihc were not entered in the Cash Book. Prepare a Bank Reconciliation Statement as at 31st December 2016.

Accepted Answer

NA

Question 4

Raghav & Co. have two bank accounts Account No. I and Account No. II. From th following particulars relating to Account No. I find out the balance on that account on December 312016 according to the Cash Book of the firm. (i) Cheques paid into bank prior to December 31 2016 but not credited until after that date for ₹10000 (ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 312016 but entered in the Cash Book after that date for ₹8000. (iii) Cheques issued prior to December 31 2016 but not presented until after that date for ₹7429. (iv) bank charges debited by bank not entered in the Cash Book for ₹200. (v) Interest debited by the bank not entered in the Cash Book ₹580. (vi) Overdraft as per Pass Book ₹18990

Accepted Answer

NA

Question 5

Prepare a Bank Reconciliation Statement from the following particulars as on 31st March 2015  (i) Cheques were deposited into bank of 25th March for ₹20000. Out of these cheques for ₹8000 were cleared on 4th April cheques for ₹6000 on 6th April and one cheque for ₹1400 was dishonoured on 7th April. (ii) Cheques amounting to ₹12000 were issued in March out of which cheques for ₹2000 were encashed upto 31st March. (iii) A bill for ₹5000 (discounted with the bank in January) Dishonoured on 30th March 2015 and noting charges paid by bank ₹50. No information regarding the dishonour was received from the bank in March 2015. (iv) Cheque issued to a creditor for ₹2000 was through mistake entered in the cash column of the Cash Book. The same has not been presented for payment till today. (v) Receipt side of the Cash Book (bank column) was undercast by ₹100. (vi) Bank has paid a bill payable amounting to ₹2500 but is has not been entered in the Cash Book. (vii) A cheque for ₹2000 issued to Mr. X was omitted to be recorded in Cash Book. (viii) Dr. balance as per Pass Book was ₹7200.

Accepted Answer

NA

Question 6

On 31st January 2017 the Pas Book of Shri M.L. Gupta shows a debit balance of ₹41000. Prepare b bank reconciliation from the following particulars - 1. Cheques amounting to ₹15600 were drawn on 27th January 2017. Out of which cheques for ₹11000 were encashed up to 31-1-2017. 2. A wrong debit of ₹800 has been given by the bank in the Pass Book. 3. Acheque for ₹200 was credited in the Pass Book but was not recorded in the Cash Book. 4. Cheques amounting to ₹21000 were deposited for collection. But out of these cheques for ₹7400 have been credited in the Pass Book on 5th February 2017. 5. A cheque for ₹10000 was returned dishonoured by the bank and was debited in the Pass Book only. 6. Interest on overdraft and bank charges amounting to ₹100 were not entered in the Cash Book. 7. A cheque of ₹500 debited in teh Cash Book omitted to be banked.

Accepted Answer

NA

Question 7

Payment done by the account holder through issuing a cheques is entered inA. the Pass Book at the time of issuing the chequeB. the Pass Book at the time of presenting the cheque to the bank for paymentC. the Cash Book at the time of issuing the chequeD. Both (b) and ( c)

Accepted Answer

NA

Question 8

On 31st March 2015 the Pass Book shows a credit balance of ₹9000. Prepare a Bank Reconciliation Statement from the following particulars - brgt 1. Cheques issued bu t not yet presented for payment 7000 2. Cheques issued but omitted to be recorded in the Cash Book 3800 3. Cheques paid into bank not yet collected by the bank 2600 4. Premium on Life Policy paid by the bank on standing advice 360 5. Payments receved from customers direct by the bank 2000

Accepted Answer

NA

Question 9

On 31st March 2015 the Pass Book of Mr. Janaki Dass showed a credit balance or ₹20000. Prepare a Bank Reconciliation Staement from the following information  (i) Cheques amounting to ₹15000 were drawn in March 2015 out of which cheques for ₹5500 were presente for payment on 3rdf April. (ii) A cheque for ₹5475 was deposited into the bank but wrongly entered in the Cash Book as ₹5745. (iii) A cheque of ₹5000 which was received from a customer was entered in the cash column of the Cash Book in March 2015 but was omitted to be banked in the month of March. (vi) A BP of ₹10000 was retired by the bank under a rebate of ₹100 but the full amount of bill was credited in the Cash Book twice ₹200.

Accepted Answer

NA

Question 10

On 30th June 2014 Pass Book showed a balance of ₹5200. Prepare Bank Reconciliation Statement from the folllowing particualrs - I. Out of toal cheques amounting to ₹ 16000 deposited cheques amouting to ₹9000 were credited in June 2014 and the rest have not been collected so far. II. Out of total cheques amouting to ₹45000 drawn cheques amounting to ₹7500 were presented in June 2014 Cheques amounting to ₹18000 wre presented in July 2014 and the rest have not been presented so far. III. Amount wrongly credited by bank ₹3400. V. Cheques recorded in the Cash Book in June 2014 but sent to bank in July 2014 ₹2500. VI. A cheque of ₹20000 deposited in the has been dishonoured but no intimateion was received till June 2014.

Accepted Answer

NA

Question 11

From the folliwing particulars prepare a Bank Reconciliation Statement of Sh. Yadav on 31st December 2014 - Balance as per Pass Book on 31t December 2014 is ₹11000. Cheques for ₹6200 were issued during the mounth of December but of these cheques for ₹900 were presented in the month of january 2015 and one cheque for ₹500 were deposited in bank during December but credit was given for ₹4700 only. Acustomer had deposited ₹150 as interest and has debited him for ₹30 as bank charges for which there no corresponding entries in Cash Book.

Accepted Answer

NA

Question 12

On 30th June 2014 the Pass Book of Sh. Mahabir Preshad showed a balanve of ₹22000. On comparing the Pass Book with Cash Book the following differences were found - 1. Maharib Prashad had paid into the Bank on 26th June four cheques for ₹3000 ₹6000 ₹10000. Of these the cheque for 6000 ws credited by the bank in July 2014. 2. On 23rd June three cheques were drawn for 12000 13000 and ₹ 16000. The first two cheques were presented to the bank for payment in June and the thired in July 2014. 3. Cheques amouting to ₹3600 were deposited in the bank but no entry was passed in the Cash Book. 4. Bank charges entered in Cash Book twice ₹50. 5. Cheque received entered twice in the Cash Book ₹3200.

Accepted Answer

NA

Question 13

From the following particulars prepare a bank reconciliation statement of Govil as on 31st December 2014. Balance as per Pass Book on 31st December 2014 is 8500. Cheques for 5100 were issued during the month of December but of these cheques for 1200 were presented in the month of January 2015 and one cheque for 200 was not presented for payment. Cheques and cash amounting to 4800 were deposited 800 into bank directly. The bank credited the merchant for ₹200 as interst and has debited him for ₹30 as bank charges for which there are no correponding entries in Cash Book.

Accepted Answer

NA

Question 14

On 31 December 2014 pass book shows debit balance of ₹7500. From the following particulars prepare a Bank Reconciliation Staement  (a) Cheques paid in for collection amounnted to ₹20600 but cheques of ₹7800 were credited on 3rd January 2015 (b) A cheque of ₹1000 debited in cash book was omitted to be banked. (c ) Cheques of ₹7800 were drawn on 27th December of which cheques of ₹2400 were cashed upto 31st December. (d) A cheque of ₹800 was banked and credited but omitted to be recorded in cash book. (e ) A chequed interest on Overdraft ₹650.

Accepted Answer

NA

Question 15

Find out the Bank Balance as per Cash Book from the following particulars (i) Overdraft as per Pass Book = ₹5000 (ii) Cheques deposited into the bank but not credited = ₹2000A. Favourable Balance = ₹ 3000B. Overdraft = ₹ 7000C. Favourable = ₹7000D. Overdraft = ₹7000

Accepted Answer

NA

Explore topic-wise InterviewSolutions in .

The credit balance as per Cash Book is ₹1,500. Cheques for ₹400 were deposited but were not collected. The cheques issued but not presented were ₹100, ₹125 and ₹50. Balance as per Book will be :A. ₹1,100 DebitB. ₹1,625 DebitC. ₹2,175 CreditD. ₹1,625 Credit

Payment done by the account holder through issuing a cheques is entered inA. the Pass Book at the time of issuing the chequeB. the Pass Book at the time of presenting the cheque to the bank for paymentC. the Cash Book at the time of issuing the chequeD. Both (b) and ( c)

Find out the Bank Balance as per Cash Book from the following particulars: (i) Overdraft as per Pass Book = ₹5,000 (ii) Cheques deposited into the bank but not credited = ₹2,000A. Favourable Balance = ₹ 3,000B. Overdraft = ₹ 7,000C. Favourable = ₹7,000D. Overdraft = ₹7,000

1.	The credit balance as per Cash Book is ₹1,500. Cheques for ₹400 were deposited but were not collected. The cheques issued but not presented were ₹100, ₹125 and ₹50. Balance as per Book will be :A. ₹1,100 DebitB. ₹1,625 DebitC. ₹2,175 CreditD. ₹1,625 Credit
Answer» Correct Answer - B

2.	Rim Zim Ltd. Maintains a current 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. Howerver, the bank statement showed a different balance as on that dete. The follwing were the reasons for the difference , (i) Cheques deposited, but not yet credited by the bank. ₹ (ii) Cheques issued, but not yet presented for payment 75,450 (iii) Bank charged not yet recorded int eh cash book 80,760 (iv) Cheques received by the bank directly from trade debtors 1,35,200 (v) Insurance premimum 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 Find out the balance as per the bank statement as on 31st March, 2017
Answer» Correct Answer - Cr. Balance as per Pass Book ₹2,79,275.

4.	Raghav & Co. have two bank accounts, Account No. I and Account No. II. From th following particulars relating to Account No. I, find out the balance on that account on December 31,2016 according to the Cash Book of the firm. (i) Cheques paid into bank prior to December 31, 2016, but not credited until after that date for ₹10,000 (ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 31,2016 but entered in the Cash Book after that date for ₹8,000. (iii) Cheques issued prior to December, 31 2016 but not presented until after that date for ₹7,429. (iv) bank charges debited by bank not entered in the Cash Book for ₹200. (v) Interest debited by the bank not entered in the Cash Book ₹580. (vi) Overdraft as per Pass Book ₹18,990
Answer» Correct Answer - Overdraft as per Pass Book ₹23,639. In Item No. (ii) transfer of funds from Account No. II to Account No. I means that hank has credited ₹8,000 to Account No. I Hence, it will be written in Minus Items in Bank Reconciliation Statement.

5.	Prepare a Bank Reconciliation Statement from the following particulars as on 31st March 2015 : (i) Cheques were deposited into bank of 25th March for ₹20,000. Out of these cheques for ₹8,000 were cleared on 4th April, cheques for ₹6,000 on 6th April and one cheque for ₹1,400 was dishonoured on 7th April. (ii) Cheques amounting to ₹12,000 were issued in March, out of which cheques for ₹2,000 were encashed upto 31st March. (iii) A bill for ₹5,000 (discounted with the bank in January) Dishonoured on 30th March 2015 and noting charges paid by bank ₹50. No information regarding the dishonour was received from the bank in March 2015. (iv) Cheque issued to a creditor for ₹2,000 was through mistake entered in the cash column of the Cash Book. The same has not been presented for payment till today. (v) Receipt side of the Cash Book (bank column) was undercast by ₹100. (vi) Bank has paid a bill payable amounting to ₹2,500 but is has not been entered in the Cash Book. (vii) A cheque for ₹2,000 issued to Mr. X was omitted to be recorded in Cash Book. (viii) Dr. balance as per Pass Book was ₹7,200.
Answer» Correct Answer - Balance as per Cash Book ₹7,650 Item No. (iv) will not be considered while preparing Bank Reconciliatino Statement as the Cash Book (bank columns) and Pass Book balance are not effected.

6.	On 31st January, 2017 the Pas Book of Shri M.L. Gupta shows a debit balance of ₹41,000. Prepare b bank reconciliation from the following particulars :- 1. Cheques amounting to ₹15,600 were drawn on 27th January, 2017. Out of which cheques for ₹11,000 were encashed up to 31-1-2017. 2. A wrong debit of ₹800 has been given by the bank in the Pass Book. 3. Acheque for ₹200 was credited in the Pass Book but was not recorded in the Cash Book. 4. Cheques amounting to ₹21,000 were deposited for collection. But out of these, cheques for ₹7,400 have been credited in the Pass Book on 5th February, 2017. 5. A cheque for ₹1,0000 was returned dishonoured by the bank and was debited in the Pass Book only. 6. Interest on overdraft and bank charges amounting to ₹100 were not entered in the Cash Book. 7. A cheque of ₹500 debited in teh Cash Book omitted to be banked.
Answer» Correct Answer - Overdraft as per Cash Book ₹36,000.

7.	Payment done by the account holder through issuing a cheques is entered inA. the Pass Book at the time of issuing the chequeB. the Pass Book at the time of presenting the cheque to the bank for paymentC. the Cash Book at the time of issuing the chequeD. Both (b) and ( c)
Answer» Correct Answer - D

8.	On 31st March, 2015 the Pass Book shows a credit balance of ₹9,000. Prepare a Bank Reconciliation Statement from the following particulars :- brgt 1. Cheques issued bu t not yet presented for payment 7,000 2. Cheques issued but omitted to be recorded in the Cash Book 3,800 3. Cheques paid into bank not yet collected by the bank 2,600 4. Premium on Life Policy paid by the bank on standing advice 360 5. Payments receved from customers direct by the bank 2,000
Answer» Correct Answer - Dr. Balance as per Cash Book ₹6,760.

9.	On 31st March, 2015 the Pass Book of Mr. Janaki Dass showed a credit balance or ₹20,000. Prepare a Bank Reconciliation Staement from the following information : (i) Cheques amounting to ₹15,000 were drawn in March 2015, out of which cheques for ₹5,500 were presente for payment on 3rdf April. (ii) A cheque for ₹5,475 was deposited into the bank, but wrongly entered in the Cash Book as ₹5,745. (iii) A cheque of ₹5,000 which was received from a customer was entered in the cash column of the Cash Book in March 2015 but was omitted to be banked in the month of March. (vi) A B/P of ₹10,000 was retired by the bank under a rebate of ₹100 but the full amount of bill was credited in the Cash Book twice ₹200.
Answer» Correct Answer - Debit balance as per Cash Book ₹200. There will be no effet of item No. (iii) on Bank Reconcilition Statement. (2) In item No. (iv) bank has paid ₹9,000 on out behalf whereas we have recorded ₹10,000 in the Cash Book. As such, ₹100 will be recorded in minus column while preparing the Bank Reconciliation Statement.

10.	On 30th June 2014 Pass Book showed a balance of ₹5,200. Prepare Bank Reconciliation Statement from the folllowing particualrs :- I. Out of toal cheques amounting to ₹ 16,000 deposited, cheques amouting to ₹9,000 were credited in June 2014, and the rest have not been collected so far. II. Out of total cheques amouting to ₹45,000 drawn, cheques amounting to ₹7,500 were presented in June 2014, Cheques amounting to ₹18,000 wre presented in July 2014, and the rest have not been presented so far. III. Amount wrongly credited by bank ₹3,400. V. Cheques recorded in the Cash Book in June 2014 but sent to bank in July 2014 ₹2,500. VI. A cheque of ₹20,000 deposited in the has been dishonoured but no intimateion was received till June 2014.
Answer» Correct Answer - Overdrat balance as per Cash Book ₹6,000.

11.	From the folliwing particulars, prepare a Bank Reconciliation Statement of Sh. Yadav on 31st December 2014 :- Balance as per Pass Book on 31t December, 2014 is ₹11,000. Cheques for ₹6,200 were issued during the mounth of December but of these cheques for ₹900 were presented in the month of january, 2015 and one cheque for ₹500 were deposited in bank during December but credit was given for ₹4,700 only. Acustomer had deposited ₹150 as interest and has debited him for ₹30 as bank charges, for which there no corresponding entries in Cash Book.
Answer» Correct Answer - Balance as per Cash Book, ₹9,630.

12.	On 30th June, 2014 the Pass Book of Sh. Mahabir Preshad showed a balanve of ₹22,000. On comparing the Pass Book with Cash Book the following differences were found :- 1. Maharib Prashad had paid into the Bank on 26th June four cheques for ₹3,000, ₹6,000, ₹10,000. Of these, the cheque for 6,000 ws credited by the bank in July 2014. 2. On 23rd June three cheques were drawn for 12,000, 13,000 and ₹ 16,000. The first two cheques were presented to the bank for payment in June and the thired in July 2014. 3. Cheques amouting to ₹3,600 were deposited in the bank but no entry was passed in the Cash Book. 4. Bank charges entered in Cash Book twice ₹50. 5. Cheque received entered twice in the Cash Book ₹3,200.
Answer» Correct Answer - Dr. Balanc as per Cash Book ₹11,550.

14.	On 31 December, 2014, pass book shows debit balance of ₹7,500. From the following particulars, prepare a Bank Reconciliation Staement : (a) Cheques paid in for collection amounnted to ₹20,600 but cheques of ₹7,800 were credited on 3rd January, 2015, (b) A cheque of ₹1,000 debited in cash book was omitted to be banked. (c ) Cheques of ₹7,800 were drawn on 27th December of which cheques of ₹2,400 were cashed upto 31st December. (d) A cheque of ₹800 was banked and credited, but omitted to be recorded in cash book. (e ) A chequed interest on Overdraft ₹650.
Answer» Correct Answer - overdraft as per Cash Book ₹4,250.