Quiz Over Bank Reconciliation Statement

12 Questions

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Reconciliation Quizzes & Trivia

Check your knowledge of Bank Reconciliation Statement


Questions and Answers
  • 1. 
    Credit balance in the cash book means ____
    • A. 

      Negative balance

    • B. 

      Positive balance

  • 2. 
    Debit balance in the Pass book means ____
    • A. 

      Negative balance

    • B. 

      Positive balance

  • 3. 
    Debit balance in the cash book means ____
    • A. 

      Negative balance

    • B. 

      Positive balance

  • 4. 
    Credit balance in the Pass book means ____
    • A. 

      Negative balance

    • B. 

      Positive balance

  • 5. 
    Bank Reconciliation Statement is a statement prepared by Bank
    • A. 

      True

    • B. 

      False

  • 6. 
    Cheques issued are posted on the Debit side of the bank column of Cash Book.
    • A. 

      True

    • B. 

      False

  • 7. 
    Cheques deposited in to bank are recorded on which side of the bank column of Cash Book.?
    • A. 

      Debit

    • B. 

      Credit

  • 8. 
    Interest allowed by Bank is recorded on which side of the bank column of Cash Book.?
    • A. 

      Debit

    • B. 

      Credit

  • 9. 
    Insurance premium paid by bank is recorded on which side of the Pass  Book.?
    • A. 

      Debit

    • B. 

      Credit

  • 10. 
    Cheques issued but not encashed by bank is recorded on which side of the bank column of cash   Book.?
    • A. 

      Debit

    • B. 

      Credit

  • 11. 
    Bank credits firm’s account as soon as it receives cheques from the firm
    • A. 

      True

    • B. 

      False

  • 12. 
    Direct deposits in the bank by a customer would increase the balance shown by the Pass Book.
    • A. 

      True

    • B. 

      False