Start learning →

CA Foundation Brs: related Accounting practice

The practice bank below covers broader Accounting topics; a dedicated Brs lesson is not available yet.

Practise Accounting with Quill →

Accounting questions and exercises with answers

Showing questions 1–2 of 2.

Match each bank serviceRead the answer and worked solution →True or false: reconciliationRead the answer and worked solution →

Worked practice questions

Match each bank service

Read exercise and reference answers
Matching pairs
  1. Left
    Discounting
    Right
    Pays cash on a note before its due date
  2. Left
    Overdraft
    Right
    Lets a good customer pay beyond the balance
  3. Left
    Term loan
    Right
    Lends for a fixed period such as a year
Instructions
Tap a service on the left, then tap what the bank does.
_Source: ICAI CA Foundation Accounting Ch3 Bank Reconciliation, CHAPTER 3 BANK RECONCILIATION STATEMENT_

Open this exercise →

True or false: reconciliation

Read exercise and reference answers
Questions
  1. Statement is true
    Yes
    Statement
    A reconciliation brings out errors made in the cash book or the pass book.
  2. Statement is true
    Yes
    Statement
    Delay in clearing cheques shows up in the reconciliation.
  3. Statement is true
    Yes
    Statement
    A regular reconciliation discourages embezzlement.
  4. Statement is true
    No
    Statement
    The cash book and pass book must always agree without any working.
Instructions
Decide whether each statement about reconciliation is true or false.
_Source: ICAI CA Foundation Accounting Ch3 Bank Reconciliation, CHAPTER 3 BANK RECONCILIATION STATEMENT_

Open this exercise →

How to practise

  1. Choose a Accounting question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Accounting practice for CA Foundation. Read explanations as you go. No signup form needed to start.

Practise Accounting →

More Accounting topics

Accounting ConceptsBills of Exchange and Promissory NotesCompany AccountsDepreciation and AmortisationFinal Accounts of Sole ProprietorsInventoriesPartnershipBank Reconciliation Statement