CA Foundation Bank Reconciliation Statement — practice questions
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Practice CA Foundation Bank Reconciliation Statement in the app →What is the purpose of preparing a Bank Reconciliation Statement?A debit balance in the cash book represents which balance in the pass book?Which of the following is NOT a cause of difference between cash book and pass book?When BRS starts from cash book balance, cheques issued but not yet presented are:Adjusted cash book is mandatory when reconciliation is done at:Starting from pass book credit balance, interest credited by the bank is:Cash book balance is ₹50,000 debit. Only difference: cheques issued ₹60,000 not presented. Pass book balance iDirect deposit by a customer into the firm's bank account, when starting from cash book balance, is:Bills receivable discounted with the bank gets dishonoured. The first action in BRS starting from cash book baOvercasting of the debit side of cash book by ₹2,000 causes the cash book balance to be:A cheque of ₹4,000 was deposited but dishonoured; intimation not yet received. Adjusted cash book treatment isStarting from credit balance as per pass book, cheques deposited but not yet collected are:BRS prepared with 'Plus & Minus' presentation arrives at:Cash book overdraft is ₹1,50,000. Cheques not presented ₹27,500 total. Cheque deposited but not cleared ₹4,000Cash book bank balance ₹60,000 debit. Cheques ₹15,00,000 issued, ₹4,00,000 presented. Cheques ₹11,40,000 deposPass book overdraft ₹3,00,000. Interest on overdraft ₹36,500 in pass book only. Insurance ₹17,950 paid by bankIn adjusted cash book treatment, which of the following errors will NOT be adjusted in cash book?A cheque of ₹25,000 was issued and also presented in same month, but erroneously recorded on the debit side ofCheques deposited but not yet credited, when starting BRS from a debit (unfavourable) pass book balance, are:Starting from debit balance as per bank statement, which item is ADDED?On 30/06/2022 cash book shows balance ₹44,50,000. Cheques issued ₹6,00,000 unpresented. Deposits ₹11,05,000 (₹Bank Pass Book balance ₹10,00,000. Insurance ₹60,000 paid by bank. Bank charges ₹2,000 twice in cash book. CheWhich of the following constitutes an error that the bank must rectify in pass book, not the firm in cash bookBills receivable discounted with bank, charged ₹1,600 on dishonour of ₹80,000 bill. Starting with debit balancWhy is regular bank reconciliation considered an internal control tool?