Bank Reconciliation Statement Quiz 1 – Punjab Meritorious School Preparation Portal

Welcome to your 20th Sep BANK RECONCILIATION STATEMENT QUIZ 1 CBT TEST

Fill the Details mentioned below and Attempt the Test.

Name

School Name with City

Phone Number

Bank Reconciliation Statement is prepared by the bank and also the account holder

False

True

Bank Reconciliation Statement is prepared by

Creditors.

Debtors.

Bank.

Account holder.

Balance shown in the Balance Sheet is of

Cash Book.

Pass book

Adjusted Cash Book.

None of these

Bank Reconciliation Statement is prepared by matching

entries in Pass Book with entries in bank columns of Cash Book.

entries in Pass Book with entries in cash columns of Cash Book.

entries in Pass Book with entries in bank columns and cash columns of Cash Book.

None of the above.

Bank Reconciliation Statement is

a part of Double Entry System.

not a part of Double Entry System.

part of Bank Statement.

None of these.

Pass Book of the account holder is a copy of

the bank columns in the Cash Book of the account holder.

the relevant account in the books of a bank.

the cash columns in the Cash Book of a customer.

None of the above.

Bank Reconciliation Statement is prepared so that the difference undermentioned balances can be reconciled:

Difference in the balance in the bank and the cash balance.

Difference in the balances in the Pass Book in the beginning and at the end.

Difference in the Pass Book and Cash Book balances.

None of the above.

Bank Reconciliation statement is prepared

at the end of each week

at the end of each month

at the end of the accounting year.

whenever a bank statement is received

Bank reconciliation Statement is not a part of Double entry system of accounting but is prepared from the books of account.

True

False

Bank Reconciliation Statement is prepared

to know the payments made through cheques.

to know the errors in the Pass Book.

to compare the Cash Book with Pass Book and ascertain the differences.

None of the above.

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