Bank reconciliation statement MCQs quiz with answers - Play AccountingProblem 1: From the following particulars prepare a Bank Reconciliation Statement to find out the causes st of difference in two balances as on August 31 , for Four Star Pvt. Problem 2: From the following particulars, you are required to find out the errors in cash book and bank. Problem 3: From the following particulars, find out the errors in cash book and bank statement and. A check for Rs. A Dividend of worth Rs. Interest amounting had been debited by the bank but not entered in the cash book. In January, the firm received a bank statement for.
Bank Reconciliation Statement - Study Notes, Problems Solutions, Questions Answers
Are you a B. Are you interested to work in the banking sector? Are you searching for bank reconciliation jobs? Bank reconciliation is a periodic procedure that allows a company to balance bank balances with amounts recorded in accounting ledgers. A reconciliation accountant could be an accounting clerk or a senior accounting specialist who is responsible for the reconciliation of outstanding deposits to balance financial records with a moderate level of complexity.
Problem From the following particulars prepare a Bank Reconciliation Statement to find out the causes of difference in two balances as on August 31 st , for Four Star Pvt. From the following particulars, you are required to find out the errors in cash book and bank statement by using missing method and prepare Bank Reconciliation Statement as on , for Chand Bibi Ltd:. From the following particulars, find out the errors in cash book and bank statement and prepare Bank Reconciliation Statement as on for Ammar Ahmed Sugar Mill Ltd:. A check for Rs. A Dividend of worth Rs. Checks Rs.
Students can take the bank reconciliation statement multiple-choice questions MCQs quiz that we have prepared to test their knowledge about BRS concepts. This quiz may be helpful for the students to prepare them for their objective quiz and interviews. Please enter your email:. Statement that explain the causes of difference between cash book and bank statement is called:. A statement which is used to reconcile the bank balance as per cash book and bank statement is called:. Cheques issued but not presented in the bank are called:.
I n chapter 4, you have learnt thatthe business organisations keep a record of theircash and bank transactions in a cash book. Thecash book also serves the purpose of both the cashaccount and the bank account and shows thebalance of both at the end of the period. To enable this check, the cashier needs to ensurethat the cash book is completely up to date and arecent bank statement or a bank passbook hasbeen obtained from the bank. A bank statementor a bank passbook is a copy of a bank account asshown by the bank records. This enable the bankcustomers to check their funds in the bankregularly and update their own records oftransactions that have occurred.