NCERT Class 11 Accountancy MCQ : Bank Reconciliation Statement
Navigate the complexities of financial reconciliation with our specialized Multiple Choice Questions (MCQs) page on “Bank Reconciliation Statement,” featuring questions meticulously sourced from previous year papers across diverse exams, including the esteemed UPSC IAS and more. Immerse yourself in the intricacies of aligning bank records, explore reconciliation methodologies, and test your understanding of financial accuracy through a curated set of questions designed to cater to aspirants preparing for various competitive sectors.
Our MCQs on “Bank Reconciliation Statement” cover essential topics such as outstanding checks, deposits in transit, and reconciling discrepancies. Whether you are gearing up for UPSC IAS or other competitive exams, these questions provide a strategic approach to mastering the principles governing financial reconciliation.
What sets our MCQs apart? Each question is thoughtfully selected from authentic exam scenarios, offering a practical and effective way to prepare. By engaging with these questions, you not only familiarize yourself with the exam pattern but also deepen your understanding of the intricate details within the realm of financial management.
Prepare with confidence, knowing that our “Bank Reconciliation Statement” MCQs are designed to empower you with the knowledge and analytical skills necessary to excel in UPSC IAS and various competitive exams. Unravel the nuances of financial precision with precision and insight.
NCERT Class 11 Accountancy : Bank Reconciliation Statement MCQ – NCERT Class 11 MCQ
Question:
When check is not paid by the bank, it is called?
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Question:
A bank reconciliation statement is prepared by?
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Question:
Bank reconciliation is not a?
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Question:
The balance on the debit side of the bank column of cash book indicates?
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Question:
Bank statement also called?
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Question:
The main purpose of preparing a bank reconciliation statement is?
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Question:
Bank reconciliation statement is?
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Question:
Uncollected checks are also known as?
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Question:
Favorable balance means?
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Unfavorable balance means?
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Question:
Farkhanda Jabeen Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?
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Question:
A bank reconciliation statement is prepared by?
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Question:
Which of the following items is not a reason for difference between bank balance as per cash book and pass book?
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Question:
Credit balance in bank pass book means?
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Question:
A check that bears a date latter than date of issue is called?
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Question:
The main function of a commercial bank is to?
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Question:
When a cheque is returned by the bank showing some technical reason is known as?
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The outstanding check is the missing entry of?
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Question:
Directly collections of bank are to be ___________ in cash book?
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Question:
The cheque which is issued to creditor but is not presented for payment is called?
