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Free MCQ’s Quiz on Class 11 Accountancy Chapter 5 – Bank Reconciliation Statement – Set 1

Free MCQ’s Quiz for Class 11 Accountancy Chapter 5 – Bank Reconciliation Statement with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Accountancy – ‘Bank Reconciliation Statement’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Accountancy Chapter 5 – Bank Reconciliation Statement. Bank Reconciliation Statement (BRS) is a statement that shows and reconciles the differences between the bank balance recorded in the bank passbook and the bank column in the cash book.

To make you perfect in this topic – Bank Reconciliation Statement, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Bank Reconciliation Statement

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Bank Reconciliation Statement

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Results

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#1. Who prepares a bank reconciliation statement?

#2. Favourable bank balance means:

#3. Passbook is a copy of:

#4. Cheques deposited but not collected will result in increasing the balance of the cash book when compared to passbook.

#5. Overdraft as per the passbook is less than the overdraft as per cash book when there are cheques deposited but not collected by the banker.

#6. Favourable balance as per the cash book means ___ balance in the bank column of the cash book.

#7. The cash book usually shows a debit balance, while the passbook shows a _____ balance.

#8. When money is withdrawn from the bank, the bank ____ the account of the customer.

#9. A _____ is a statement prepared by every business at the end of every accounting period to find out reasons for the difference between balance of cash book & the balance of pass book and then reconciling.

#10. A _____ is a summary of financial transactions which have occurred over a given period of time on a bank account.

Finish

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