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Class 11 Commerce Bank Reconciliation Statement — practice questions

Explore 13 free Bank Reconciliation Statement questions in Class 11 Commerce Accountancy. Open each question or exercise to read its content, reference answers and available explanation.

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Bank Reconciliation Statement questions and exercises with answers

Showing questions 1–13 of 13.

A Bank Reconciliation Statement is prepared to reconcile the balance of the cash book with the balance of the:Read the answer and worked solution →The bank column of the cash book is maintained by the:Read the answer and worked solution →The pass book (bank statement) is maintained by the:Read the answer and worked solution →A cheque that has been issued but not yet presented to the bank for payment is called an:Read the answer and worked solution →Bank charges debited by the bank but not yet recorded in the cash book will make the pass book balance:Read the answer and worked solution →A favourable balance as per the cash book is shown as a ___ balance in the cash book:Read the answer and worked solution →A bank overdraft represents a:Read the answer and worked solution →Interest allowed by the bank, not yet entered in the cash book, will make the pass book balance:Read the answer and worked solution →A cheque deposited into the bank but not yet collected and credited by the bank is a:Read the answer and worked solution →The differences between the cash book and the pass book balances mainly arise due to:Read the answer and worked solution →If a cheque issued by the firm is not presented for payment, the pass book balance will be ___ the cash book balance:Read the answer and worked solution →Amounts directly deposited by customers into the firm's bank account increase the:Read the answer and worked solution →A Bank Reconciliation Statement is prepared as on a:Read the answer and worked solution →

Worked practice questions

A Bank Reconciliation Statement is prepared to reconcile the balance of the cash book with the balance of the:

  1. pass book (bank statement)
  2. profit and loss account
  3. balance sheet
  4. trial balance
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Correct answer: A. pass book (bank statement)

A BRS reconciles the cash book bank balance with the pass book (bank statement) balance.

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The bank column of the cash book is maintained by the:

  1. government
  2. account holder (business)
  3. bank
  4. auditor
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Correct answer: B. account holder (business)

The account holder maintains the cash book's bank column.

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The pass book (bank statement) is maintained by the:

  1. account holder
  2. bank
  3. income tax department
  4. registrar
Show answer and solution

Correct answer: B. bank

The bank maintains the pass book/statement.

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More Accountancy topics

Depreciation, Provisions and ReservesTrial Balance and Rectification of ErrorsTheorybaseRecordingtransactions