Bank Reconciliation Statement MCQ Questions for Class 11 Accountancy Chapter 5 with Answers

We have completed the NCERT/CBSE chapter-wise Multiple Choice Questions for Class 11 Accountancy book Chapter 5 Bank Reconciliation Statement with Answers by expert subject teacher for latest syllabus and examination. You can Prepare effectively for the exam, Taking the help of the Class 11 Accountancy Objective Questions PDF free of cost from here. Students can take a free test of the Multiple Choice Questions of Bank Reconciliation Statement. Each Questions has four options followed by the right answer. Download the Accountancy Quiz Questions with Answers for Class 11 free Pdf and prepare to exam and help students understand the concept very well.

MCQ Questions for Class 11 Accountancy with Answers: Financial Accounting

Q1. Passbook is a copy of:

(i) Customer account
(ii) Bank column of cash book
(iii) Cash column of cash book
(iv) Receipts and payments

(i) Customer account

Q2. A bank reconciliation statement is prepared by

(i) Creditors
(ii) Bank
(iii) Account holder in a bank
(iv) Debtors

(iii) Account holder in a bank

Q3. Which of the following would not affect bank reconciliation?

(i) Dishonored cheque
(ii) Discount received
(iii) Bank interest
(iv) Check not presented

(ii) Discount received

Q4. A bank reconciliation statement is prepared by?

(i) Banker
(ii) Accountant of the business
(iii) Auditors
(iv) Registrar

(ii) Accountant of the business

Q5. Unfavourable bank balance means

(i) Credit balance in passbook
(ii) Credit balance in cash book
(iii) Debit balance in cash book
(iv) None of these

(ii) Credit balance in cash book

Q6. Unfavourable bank balances means:

(i) Credit balance in the cash book
(ii) debit balance in the pass book
(iii) Debit balance in the cash book
(iv) Favourable balance in the cash book

(ii) debit balance in the pass book

Q7. A statement which is used to reconcile the bank balance as per cash book and bank statement is called:

(i) Financial Statement
(ii) Bank Reconciliation Statement
(iii) Bank Statement
(iv) Income Statement

(ii) Bank Reconciliation Statement

Q8. Bank statement also called?

(i) Pass book
(ii) Cash book
(iii) Credit book
(iv) Debit book

(i) Pass book

Q9. When check is not paid by the bank, it is called?

(i) Honored
(ii) Endorsed
(iii) Dishonored
(iv) Both (i) and (ii)

(iii) Dishonored

Q10. Bank gives overdraft facility to __ account holder.

(i) savings
(ii) recurring
(iii) current
(iv) fixed.

(iii) current

Q11. Bank reconciliation statement is?

(i) Part of bank statement
(ii) Part of the cash book
(iii) A separate statement
(iv) a sub-division of journal

(iii) A separate statement

Q12. A bank reconciliation statement is mainly prepared for

(i) Reconcile the cash balance of the cash book
(ii) Reconcile the difference between the bank balance shown by the cash book and bank passbook
(iii) Both (i) and (ii)
(iv) None of these

(ii) Reconcile the difference between the bank balance shown by the cash book and bank passbook

Q13. Pass Book of the account holder is a copy of

(i) the bank columns in the Cash Book of the account holder.
(ii) the relevant account in the books of a bank.
(iii) the cash columns in the Cash Book of a customer.
(iv) None of the above.

(ii) the relevant account in the books of a bank.

Q14. The main purpose of preparing a bank reconciliation statement is?

(i) To know the bank balance
(ii) To know the balance of bank statement
(iii) To correct the cash book
(iv) To identify causes of difference between cash book and bank statement

(iv) To identify causes of difference between cash book and bank statement

Q15. Favorable balance means?

(i) Credit balance in the cash book
(ii) Credit balance in Bank statement
(iii) Debit balance in cash book
(iv) both (ii) and (iii)

(iv) both (ii) and (iii)

Q16. On the bank statement, cash deposited by the company is known as

(i) Credit
(ii) Debit
(iii) Liability
(iv) Expenses

(i) Credit

Q17. Unpresented checks also referred to as

(i) Bounced checks
(ii) Outstanding checks
(iii) Uncredited checks
(iv) Uncollected checks

(ii) Outstanding checks

Q18. A bank reconciliation statement is prepared by?

(i) Internal auditor
(ii) Business accountant
(iii) Businessman
(iv) All of These

(iv) All of These

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MCQ Questions for Class 11 Accountancy: Financial Accounting

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