This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Choose the right order to make up a story.I. They called this holiday "Thanksgiving Day." II. Few people in Europe heard about it. III. But when they ate it which was presented by Indians they liked turkey very much. IV. The turkey was an American bird. V. Since that day Americans have always had turkeys for this holiday. A) IV,II,III,I,V B) II,III,IV,I,V C) I,II,III,IV,V D) II,V,I,IV,III E) I,II,V,IV,III |
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Answer» Correct option is A) IV,II,III,I,V |
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| 2. |
If BREAK =6 ,HOLIDAY =8, BEAUTIFUL=? |
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Answer» if BREAK=6 and HOLIDAY=8 .... then BEAUTIFUL = 10 HOPE YOU WILL GET MY POINT... |
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| 3. |
Which of the following belongs to the same family as Emancipate, Free and Release?1. Ignore2. Pardon3. Liberate4. Quit |
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Answer» Correct Answer - Option 3 : Liberate The correct answer is Liberate.
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| 4. |
7. Difference between a number and its three-fifth is 40 . Identify the number.a) 80b) 100c) 90d) 120 |
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Answer» currect answer is 100 let, the number be 'x' therefore, x - 3x/5 = 40 2x/5 = 40 x = 40×5/2 = 100 therefore, value of x is 100. so option (b) is correct. Correct answer is (b) Let the number be x. then, it's three-fifth is 3x/5 . Now, x-3x/5= 40 (difference given in question) 5x-3x/5 =40 = 2x/5=40 2x= 200 so, x= 100✓ |
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| 5. |
Archimseedes said, “Give me a lever long enough and a fulcrum on which to place it, and I will move the world.” The sentence above is an example of a _____ statement. (A) figurative (B) collateral (C) literal (D) figurine |
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Answer» Correct option is (A) figurative |
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| 6. |
A rewording of something written or spoken is a _______. (A) paraphrase(B) paradox(C) paradigm(D) paraffin |
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Answer» (A) paraphrase |
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| 7. |
(100) 150+ (10) 296 what is the value |
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Answer» (150×100=15000)+10×296=2960) 15000+2960 =17960 |
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| 8. |
Out of the following four sentences, select the most suitable sentence with respect to grammar and usage.(A) I will not leave the place until the minister does not meet me. (B) I will not leave the place until the minister doesn’t meet me. (C) I will not leave the place until the minister meet me. (D) I will not leave the place until the minister meets me. |
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Answer» (D) I will not leave the place until the minister meets me. |
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| 9. |
Language lab is more helpful for the 1. Pronunciation correction2. Understanding spoken English3. Innovative teaching4. All of the above |
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Answer» Correct Answer - Option 4 : All of the above Language lab helps in learning the English language efficiently. The purpose of a language lab is to involve students to actively participate in language learning exercises. It provides students a platform to enhance English language skills, communication skills, and practice soft skills. Language lab is more helpful in:
Thus,it is concluded that the Language lab is more helpful for pronunciation correction, understanding spoken English, and innovative teaching. |
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| 10. |
The process of word formation consists of1. compounding and affixes2. opposites and meaning3. verbs and nouns4. using synonyms or euphemisms |
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Answer» Correct Answer - Option 1 : compounding and affixes Word formation is the meaningful arrangement of words in accordance with natural laws and universally accepted principles.
The process of word-formation consists of compounding, suffixing, affixing, and Prefixing.
Thus, it is concluded that The process of word-formation consists of compounding and affixes. |
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| 11. |
When reading, to 'decode' means to1. an action used in ICT2. solving a complex puzzle3. to analyse and understand4. understanding a foreign language |
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Answer» Correct Answer - Option 3 : to analyse and understand Reading has been recognized to be one of the primary skills to be mastered in a language. It is believed that reading can open up a wealth of information and knowledge to young learners. Reading is an active process.
Thus, it is concluded that when reading, to 'decode' means to analyze and understand. |
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| 12. |
The total number of factors of the number 100 is1. 92. 103. 84. None of the above |
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Answer» Correct Answer - Option 1 : 9 Concept used: Factors are those numbers that divide a number completely and they do not leave any remainder behind Calculation: ⇒ 1 × 100 = 100 ⇒ 2 × 50 = 100 ⇒ 3 does not divide 100 ⇒ 4 × 25 = 100 ⇒ 5 × 20 = 100 ⇒ 6, 7, 8, 9, do not divide 100 ⇒ 10 × 10 = 100 The factors are 1, 2, 4, 5, 10, 20, 25, 50, 100 ∴ The total number of factors of 100 is 9 |
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| 13. |
Speaker 1: We had an enjoyable holiday this winter.Speaker 2: Where did you go?Speaker 1: Where?Speaker 2: Yes, which place did you visit?During the assessment of students' speaking-listening skills, mark/s would be deducted during this exchange for1. Speaker I2. Speaker II3. Both4. Neither |
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Answer» Correct Answer - Option 1 : Speaker I CCE (Continuous and Comprehensive Evaluation), the flagship project of CBSE has clearly outlined the significance of speaking and listening skills as part of co-scholastic areas of achievement by every learner and also stresses the clear integration of assessment of speaking and listening skills as a part of the curriculum transaction. During this exchange, while assessing students' speaking - listening skills, mark/s would be deducted for the Speaker I as:
Thus, it is concluded that during the assessment of students' speaking-listening skills, mark/s would be deducted during this exchange for Speaker I. |
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| 14. |
The L.C.M of two numbers is 1680 and their H.C.F is 20. If one number is 240 then what will be the other number?1. 1452. 1403. 1354. 1305. 125 |
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Answer» Correct Answer - Option 2 : 140 Given: L.C.M of two numbers is 1680 H.C.F of two numbers is 20 One of the two numbers is 240 Formula used: H.C.F × L.C.M = Product of two numbers Calculation: Let the other number be x 20 × 1680 = 240 × x ⇒ 33600 = 240 × x ⇒ x = 3360/240 = 140 ∴ The other number is 140. |
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| 15. |
Two women were going to be paid Rs 3200. Woman 1 can complete a piece of work in 10 days, second can complete in 8 days. Now when a man joins them, the work gets completed in 3 days. Calculate share of man. 1. Rs 10752. Rs 10403. Rs 14004. Rs 15005. Rs 1600 |
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Answer» Correct Answer - Option 2 : Rs 1040 Given: Woman 1 = 10 days 2 woman + 1 man = 3 days Formula used: 1/T = (1/T1) + (1/T2) Here, T1 = work done in days by 1, T2 = work done in days by 2 Calculation: Let’s calculate total number of units in form of work done ⇒ LCM of 10, 8, 3 is 120 ⇒ Efficiency of woman 1 = (120/10) ⇒ Efficiency of woman 1 = 12 ⇒ Efficiency of woman 2 = 15 (∵ 120/8 = 15) ⇒ Efficiency of 2 woman + Man = 40 (∵ 120/3 = 40) Now, Efficiency of man ⇒ Efficiency of man = Total efficiency – Efficiency of 2 women ⇒ Efficiency of man = 40 – 27 ⇒ Efficiency of man = 13 For, Total work done wage to be paid was Rs 3200 ⇒ for 40 units of work wage = 3200 ⇒ For 13 units of work, wage = 3200 × 13/40 ⇒ Wage to be paid to man = 80 × 13 ∴ Man will be paid Rs 1040 |
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| 16. |
Q completes editing articles in 12 days more than P and P is 3 times efficient than Q. Calculate time taken when both of them work together.1. 5 days2. 5.4 days3. 4.5 days4. 3.33 days5. 4.8 days |
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Answer» Correct Answer - Option 3 : 4.5 days Given: P = Q – (0.30 × Q) (Efficiency) P = Q – 12 (In days) Formula used: Efficiency = Work done in units/Time in days 1/T = (1/T1) + (1/T2) Here, T1 = work done in days by 1, T2 = work done in days by 2 Calculation: If Q completes work in 3 days than P completes it in 1 day ⇒ In terms of efficiency P = 3 units and Q = 1 units ⇒ Difference = 2 units ⇒ 2 units = 12 days ⇒ 1 unit = 6 days ⇒ 3 units = 18 days ⇒ 1/T = (1/6) + (1/18) ⇒ 1/T = (3 + 1)/18 ⇒ 1/T = 4/18 ∴ Time taken by both of them to complete the work is 4.5 days |
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| 17. |
A, B, and C can do a piece of work in 15 days, 18 days, and 24 days respectively. They started work together, but after 5 days A left the work, B left the work 6 days before the completion of the work. In how many days the work gets completed?1. \(10\frac{2}{7}\)2. \(10\frac{6}{7}\)3. \(8\frac{4}{5}\)4. \(11\frac{2}{7}\) |
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Answer» Correct Answer - Option 1 : \(10\frac{2}{7}\) Given: A can do a piece of work = 15 days B can do a piece of work = 18 days C can do a piece of work = 24 days Calculations: Let the total work done be in 'x' days A's one day's work = 1/15 A worked for 5 days = 1/3 A can do 1/3 of work in 5 days B's one day work = 1/18 B's (x - 6) days work = (x - 6)/18 C's one day work = 1/24 C's 'x' days work = x/24 (A + B + C) together work = 1 ⇒ 1/3 + (x - 6)/18 + x/24 = 1 ⇒ (24 + 4x - 24 + 3x)/72 = 1 ⇒ 7x = 72 ⇒ x = 72/7 ⇒ x = \(10\frac{2}{7}\) ∴ The number of days together is \(10\frac{2}{7}\) days |
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| 18. |
P can complete a work in 12 days and Q can complete a work in 24 days. P leaves the work on 6th day and rest work is done by Q. If both were to be paid Rs 3000 collectively for the whole work then what is the wage of Q?1. Rs 15002. Rs 20003. Rs 21004. Rs 24005. Rs 1800 |
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Answer» Correct Answer - Option 1 : Rs 1500 Given: P = 12 Days Q = 24 days Formula used: 1/T = (1/T1) + (1/T2) Here, T1 = work done in days by 1, T2 = work done in days by 2 Calculation: P completes work in 12 days and Q in 24 days ⇒ 1/T = (1/12) + (1/24) ⇒ 1/T = (2 + 1)/24 ⇒ Together they complete work in 8 days Work done for 6 days ⇒ Left work = 1 - (6/8) ⇒ Left work = 1/4 ⇒ Q completes work in 24 days hence; left work would be completed in (1/4 × 24) ⇒ Left work would be completed in 6 days Now, Total work done is LCM of 12 and 24 = 24 units ⇒ Efficiency of P = 2 units/day ⇒ Efficiency of Q = 1 unit/day ⇒ P’s work in units = 6 × 2 ⇒ Q’s work in units = 12 × 1 ⇒ Total work done = 12 + 12 ⇒ Total work done = 24 units ⇒ 24 units = Rs 3000 Hence, 12 units = 3000/2 ∴ Wage of Q is Rs 1500 |
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| 19. |
A group of men decided to do a work in 20 days, but five of them remained absent. If the rest of the group could complete the work in 24 days, then how many men were in the original group?1. 302. 353. 254. 20 |
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Answer» Correct Answer - Option 1 : 30 Given A group of men decided to do work in 20 days Due to the absence of 5 men, the rest complete the work in 24 days Formula used M1D1H1 = M2D2H2 M1 = number of men initially and M2 = final number of men D1 = Number of days initially and D2 = Finally number of days Calculation Let, initially, the number of men be x According to the question ⇒ x × 20 = (x - 5) × 24 ⇒ 20x = 24x - 120 ⇒ 4x = 120 ⇒ x = 30 ∴ The number of men originally is 30 |
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| 20. |
Fill in the blanks by choosing the appropriate expressions given in brackets:Tammanna ......... everything and went to a far off place. Basavaiah was left with no reason to live. After some time Basavaiah ........... (gave up, chance upon, passed away) |
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Answer» gave up; passed away. |
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| 21. |
Fill in the blanks by choosing the appropriate expressions given in brackets: The quarrel between Tammanna and Basavaiah rose to such a pitch that it started to ........ all their supporters. When Basavaiah forcibly acquired Tammanna’s land, Tammanna was advised by his supporters to ......... to the police. (take recourse, push in, suck in) |
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Answer» suck in; take recourse. |
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| 22. |
Passive Voice:Basavaiah tried to outshine Tammanna in his own way. A palatial house ........ (build) by him. A number of persons ....... (appoint) just to praise him. Scholars, poets and musicians ........(invite) to his place. |
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Answer» Basavaiah tried to outshine Tammanna in his own way. A palatial house was built by him. A number of persons were appointed just to praise him. Scholars, poets and musicians were invited to his place. |
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| 23. |
Sally ______ her hair when the doorbell rang. A) will be washing B) washed C) has washed D) was washing |
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Answer» Correct option is D) was washing |
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| 24. |
Sinduja is getting ready to sleep. She starts writing her diary. Help her complete it by using the verbs given in brackets.(start eat have finish go reach) 1. I got up at 7’0 clock. 2. I _______ breakfast. 3. I _______ to office by car. 4. I _______ to work. 5. I _______ lunch at _______ 6. I _______ my task at 7 p.m. 7. I _______ home at 8 p.m |
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Answer» 1. 1. I got up at 7’0 clock. 2. ate 3. went 4. started 5. had; 1.00 p.m. 6. finished 7. reached |
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| 25. |
______ moves an object along a predetermined path on the screen.a) Digital Animation b) Stop Motion Animation c) Path Animation d) Sand Animation |
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Answer» c) Path Animation Path Animation moves an object along a predetermined path on the screen. |
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| 26. |
________ gives a sense of weight and flexibility to drawn objects. a) Squash and Stretch b) Anticipation c) Staging d) Straight Ahead and Pose-to-Pose |
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Answer» a) Squash and Stretch Squash and Stretch gives a sense of weight and flexibility to drawn objects. |
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| 27. |
Read the sentences carefully and fill in the blanks with suitable tense form of the verbs given in brackets.1. The doorbell rang, while I _______ (do) my homework. 2. We saw an elephant, while we _______ (go) on a trip to Ooty. 3. Mary fell asleep while she ________ (read) a book. 4. The television was on but nobody _______ (watch) it. 5. Baskaran hurt his hand while he _______ (cut) mangoes. |
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Answer» 1. was doing 2. were going 3. was reading 4. was watching 5. was cutting |
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| 28. |
Read the informal letter given below and write a reply to Mangai. |
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Answer» Informal Letter Sender’s Address: 20, Arcot Road, Vadapalani, Chennai – 600 026. 15th July 2018. Salutation: Dear Mangai, Body of the letter : How are you? I aih fine. I received your letter yesterday. I am very pleased to know about your new home. Have you joined in your new school? How is the atmosphere over there? I miss you a lot. Happy to know that Sundar likes animals like us. He would be a good friend to you. Convey my regards to him. Send me the story, you are writing about Ooty. I would like to read it. Convey my regards to your parents. I am looking forward to read your story in your next letter. Subscription : Yours lovingly, Signature : Rosy. |
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| 29. |
A trip to Goa was planned by five friends. After deciding on dates, they began searching online for various tourism components that they would require during their trip. After looking for so many options they decided that they should look for someone who can assist them in booking everything. According to you whom they should approach, so that they can book everything under one roof. a) Tourist Information Centers b) Guide Services c) Travel Agency d) Ground Operators |
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Answer» Correct answer is c) Travel Agency |
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| 30. |
Two friends Varun and Deepak start a business with an investment of Rs. 23000 and Rs. 46230 respectively. If the profit of Deepak is Rs. 8040 at the end of the year then find the profit of Varun.1. Rs. 30002. Rs. 33503. Rs. 40004. Rs. 5100 |
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Answer» Correct Answer - Option 3 : Rs. 4000 GIVEN: Two friends Varun and Deepak start a business with an investment of Rs. 23000 and Rs. 46230 respectively. Profit of Deepak is Rs. 8040 CONCEPT: FORMULA USED: Ratio of profit sharing = Ratio of [Investment × Time] CALCULATION: Ratio in which profit will be shared between Varun and Deepak = (23000 × 12) : (46230 × 12) = 100 : 201 Now, Profit of Varun = 8040 × 100/201 = Rs. 4000 |
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| 31. |
The Pooja holidays are about to start. Prasanth and Deepak are friends. Both their families have planned to go on a trip to Munnar. Develop a conversation on how they plan for their trip. |
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Answer» Prashanth : Hai, Deepak, how did you write your exams? Deepak : I wrote extremely well. What about you? Prashanth : Yes. I too wrote well. From tomorrow, our Pooja holidays begin. Let us go with our family members to Munnar. We are already planning on it. Deepak : Yes, Prashanth. I’ll talk to my parents about the trip. We can stay for a week there. Prashanth : Yes, we have to see a lot of places. We can go by a Van there. Deepak : Yes, the Van can fit all of us. Which is the shortest route from Chennai ? Prashanth : We can take GST road NH 38. It will take around 10 to 11 hours and we can stay in Hotel Munnar Central. It is quite comfortable. Deepak : OK! What are the tourist spots to be visited? Prashanth : Kalari Kshethra, Anamudi Peak, Tea Gardens, Lock Heart Gap, Kundala Dam Lake, National Parks and Chinnakanal Waterfalls. Deepak : Wonderful! Let’s pack all our things we need for the tour. Prashanth : Yes, We have to take with us cotton outfits, hats, sunglasses, sunscreen lotion, blankets and sweaters. Deepak : Ok! Prashanth. I’ll give the information to my parents and I’ll ask them to talk to your parents about this trip. Bye! |
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| 32. |
If A is square matrix such that A2 = A, then (I + A)3 – 7 A is equal to :(a) A(b) I + A(c) I − A(d) I |
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Answer» Option : (d) (I + A)3 − 7A = I + A + 3A + 3A − 7A = I |
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| 33. |
The area of a trapezium is defined by function f and given by f(x) = (10 + x)√(100 − x2), then the area when it is maximised is :(a) 75 cm2(b) 7√3 cm2(c) 75√3 cm2(d) 5 cm2 |
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Answer» Option : (c) \(f'(x)=\frac{-2x^2-10x+100}{\sqrt{100-x^2}}\) \(f'(x)=0\Rightarrow x=-10\,or\,5,\) If \(x=-10\) then area = \(f(x)=0\) which is not maximum Therefore, \( x=5\) Now, \(f''(x)=\frac{2x^3-300x-1000}{(100-x^2)^{\frac{3}{2}}}\) \(\Rightarrow f''(5)=\frac{-30}{\sqrt{75}}<0\) \(\Rightarrow\) Maximum area of trapezium is \(75\sqrt3cm^2\) when x = 5 |
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| 34. |
In which ratio is the line joining (1, 3) and (2, 7) divided by 3x + y = 9 |
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Answer» Let the point (x,y) divides AB in the ratio k:1. By section formula, x = (2k+1)/(k+1) , y = (7k+3)/(k+1) Now, this point also lies on the given line so it would satisfy the equation 3x+y-9=0 Therefore, 3(2k+1) + (7k+3) -9(k+1) = 0 k = 3/4 Hence, the required ratio is 3:4. |
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| 35. |
Find the area of a triangle whose vertices are A(i-k), B(2i+j+k),C(j+2k) |
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Answer» The vector AB = i+j+2k The vector AC = - i+j+3k The area of triangle ∆=(1/2)|AB×AC|= (1/2)|(i+j+2k)×(-i+j+3k)| =(1/2)|-i×i-j×i-2k×i +i×j+j×j+2k×j+3i×k+3j×k+6k×k| =(1/2)|0+k-2j+k+0-2i-3j+3i+0| =(1/2)|i -5j+2k| =(1/2)√(1+25+4) =(1/2)√(30) |
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| 36. |
Let `a, b, c > 0` such that `a>b>c and a+c> 2b.` If `In(a + c) + In(a - 2b + c) = 2 In(a -c),` then which of the following relation is(are) correct?A. `(1)/(a) +(1)/(c ) = (2)/(b)`B. `b^(2) = ac`C. `(c)/(b) = (b-c)/(a-b)`D. `b^(2) = a^(2) +c^(2)` |
| Answer» Correct Answer - A::C | |
| 37. |
Which of the following do/does not reduce to unity ?A. `(sin(180^(@) + A))/(tan (180^(@) + A)).(cot(90^(@) +A))/(tan(90^(@) +A)).(cos(360^(@) -A)cosecA)/(sin(-A))`B. `(sin(-A))/(sin(180^(@) +A))-(tan(90^(@) +A))/(cotA)+ (cosA)/(sin(90^(@) +A))`C. `(sin 24^(@) cos6^(@) - sin 6^(@)sin66^(@))/(sin 21^(@) cos39^(@)-cos51^(@) sin69^(@))`D. `((cos(90^@)+A)sec(-A)tan(180^(@)-A))/(sec(360^(@) +A)sin(180^(@)+A)cot(90^(@) -A))` |
| Answer» Correct Answer - B::C::D | |
| 38. |
Statement : If `N = ((1)/(20))^(20)` then N contains 7 digits before decimal.A. Statement -1 is ture, statement -2 is ture and statement-2 is correct explaination for statement -1B. Statement-1 is ture, statement-2 is ture and statement -2 is NOT the correct explanation for statement -1.C. Statement- 1 is ture,statement -2 is false.D. Statement -1 is false, statement -2 is ture. |
| Answer» Correct Answer - D | |
| 39. |
Statement -I: If `alpha gt beta gt 1`, then `(alpha^(sqrt(log_(alpha)beta)))/(beta^(sqrt(log_(beta)alpha)))` is greater than 1. Statement-2 : `log_(c) b = (log_(a)b)/(log_(a)c)`, if `0lt a,b,cne1`.A. Statement -1 is ture, statement -2 is ture and statement-2 is correct explaination for statement -1B. Statement-1 is ture, statement-2 is ture and statement -2 is NOT the correct explanation for statement -1.C. Statement- 1 is ture,statement -2 is false.D. Statement -1 is false, statement -2 is ture. |
| Answer» Correct Answer - D | |
| 40. |
The set of angles between `0` and `2pi` satisfying the equation `4cos^2theta-2sqrt2costheta-1=0` isA. `{(pi)/(12),(5pi)/(12),(19pi)/(12),(23pi)/(12)}`B. `{(pi)/(12),(7pi)/(12),(17pi)/(12),(23pi)/(12)}`C. `{(5pi)/(12),(13pi)/(12),(19pi)/(12)}`D. `{(pi)/(12),(7pi)/(12),(17)/(12),(23pi)/(12)}` |
| Answer» Correct Answer - B | |
| 41. |
Find Out an expression for electric intensity at any point due to an electric dipole. |
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Answer» Consider the an electric dipole of charges +q and −q separated by distance 2a with center at O. Goal : To find electric field at point P on the axial line of the dipole, OP = r. Let E1 and E2 be electric field on P due to charges +q and −q respectively. E1 = \(\frac{kq}{(r-a)^2}\) along BP E2 = \(\frac{kq}{(r+a)^2}\) along BP The resultant electric field at P, E = E1 - E2 (as both E1 and E2 are in opposite direction) E = \(\frac{kq}{(r-a)^2}\) - \(\frac{kq}{(r+a)^2}\) = kq \(\frac{4ra}{(r^2-a^2)^2}\) Define, p = 2aq E = k \(\frac{2pr}{(r^2-a^2)^2}\) If r >> a, then E = k \(\frac{2pr}{r^4}\) = k \(\frac{2p}{r^3}\) In vector form, \(\vec E\) = k \(\frac{2\vec p}{r^3}.\) |
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| 42. |
Bank Reconciliation Statement is prepared by …… |
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Answer» Bank Reconciliation Statement is prepared by Businessman/Debtor/Account holder. |
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| 43. |
Prepare Bank Reconciliation Statement of Mr. Syam on 31, March 2009 from the following details.1. On 31/3/2009 his passbook show a credit balance of Rs. 1,150 Which was different from his cash book balance.2. On comparison it was found that the cheque of Rs. 1,500 issued on 27th March was paid by the bank oh 4th April.3. Cheques amounting to Rs. 1,700 were deposited . on 28th March but in the passbook only Rs.700 was credited.4. A customer made direct deposit in the bank on 31st March amounting to Rs. 500, this was not recorded in the cash book.A discounted bill receivable of Rs. 700 was returned dishonored to the bank on 29th March. This entry was made in the cash book on 3rd April. |
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Answer» Bank Reconciliation Statement of Mr. Syam as on 31/03/09
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| 44. |
Credit balance in the passbook means a/an ………… to the depositor. |
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Answer» Credit balance in the passbook means a/an Asset to the depositor. |
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| 45. |
What is a Bank Reconciliation Statement? |
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Answer» A statement prepared to reconcile the bank balance as per cash book with the balance as per passbook or bank statement, by showing the items of difference between the two accounts. By the preparation of bank reconciliation statement, one of the balances (either the cash book balance or passbook balance) may be equalized with the other |
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| 46. |
State the need for the preparation of bank reconciliation statement. |
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Answer» It is generally experienced that when a comparison is made between the bank balance as shown in the firms cash book, the two balances do not tally, to reconcile (tally) the two balances of cash book and passbook, bank reconciliation statement is prepared. |
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| 47. |
The Bank overdraft of Smith Ltd. on December 31, 2010, as per cash book is Rs. 18,000. From the following information, ascertain the adjusted cash balance and prepare bank reconciliation statement.Rs.1. Unpresented cheque 60002. Uncleared cheque 34003. Bank charges debited in the passbook only 10004. Bill collected and credited in the passbook only 16005. Cheque of Biju traders dishonored 10006. Cheque issued to Varma & Co. not yet entered in the cash book 600 |
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Answer» Adjusted Cashbook (Bank column)
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| 48. |
Expand the following terms: 1. ATM 2. CDM 3. POS 4. NEFT5. RTGS6. L.F |
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Answer» 1. Automated Teller Machine (ATM) 2. Cash Deposit Machine (CDM) 3. Point of Sale (POS) 4. National Electronic Funds Transfer (NEFT) 5. Real Time Gross Settlement (RTGS) 6. Ledger folio (L.F.) |
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| 49. |
Normally, the cash book shows a ………. balance, passbook shows …………. balance. |
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Answer» Favourable balance as per the cash book means Debit balance in the bank column of the cash book. |
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| 50. |
What are the various reasons for the difference between balance as per cash book and passbook? |
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Answer» There are several reasons that contribute for the disagreement of the balance as shown by cash book and passbook. They are as under: 1. Cheques issued but not presented for payment: When the trader issues a cheque, he credits its amount immediately in his cash book. The same will be entered in the passbook only on presenting the cheque and making payment by the bank. If the cheque is not presented for payment before the date of preparation of bank reconciliation statement, the balance as per Pass Book will be more than the balance as per Cash Book. 2. Cheque paid in for collection but not collected: On deposition cheques into the bank for collection, the trader debits the same amount in the bank account. The bank credit the amount in the passbook only on getting the amount collected. Such uncleared cheques make the cash book balance to be more than the passbook balance. 3. Direct payment by a customer to the bank: Customers of the trader occasionally make some payments directly into the trader’s bank account. The trader may come to know of an only later. But the banker gives immediate credit to the trader on receipt of the amount. If it remains unrecorded in the cash book, the balance as per pass book will be more than the balance as per cash book. 4. Interest on deposit credited by the banker: At regular intervals, banks allow interests on the deposit balance of the trader and credit the amount in the passbook. The same usually remains unrecorded in the cash book. In such a case, the passbook balance will be more than the cash book balance. 5. Interest, dividend, rent, etc. collected by bank: Bank collects interest, dividend, rent, etc. on behalf of the customer and credits the same to his account. The trader comes to know of it only on a later date. If such collection remains unrecorded in the cash book, the passbook balance will be more than the cash book balance. 6. Payment made on behalf of the customer: The banker makes payment for rent, insurance, etc., for the customer as per standing instructions. The banker debit the trader’s account with such payments. The trader comes to know of it only later. Due to such payments that remain unrecorded in cash book, the balance as per pass book will be less than the balance as per cash book. 7. Bank charges as per Pass Book: Bank charges and commission for collection of cheques, bills, etc., are debited in the passbook. The corresponding credits are often not given in the cash book. As these items are not entered in the cash book, its balance will be more than that of the passbook. 8. Bills Receivable discounted, but dishonored: When a trader discounts bills of exchange, the banker credits the trader’s account with the amount due. The same amount is debited by the trader in cash book. If such a bill is later dishonored, the banker immediately debits it in the passbook. But the same remains unrecorded in the cash book. This cause the balance as per cash book to be more than the passbook balance. 9. Interest on overdraft debited in passbook: Periodically the bank calculates interest due by the trader on his overdraft and debits the amount in the passbook. Corresponding credit is often not made by the trader in his cash book. It leads to difference in the balance as per cash book and passbook. 10. Credit instruments credited by bank but not recorded in cash book: Bills of exchange, promissory notes and other credit instruments collected by bank are credited in the passbook. But if they remain unrecorded in the cash book it may lead to disagreement between the balance as per the two books. 11. There may also be instance of cheque recorded as paid in for collection but failed to be deposited into the bank, by which the cash book balance will be more than the balance as per passbook. |
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