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    WT - 12 (25.09) Xi-Acc

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    Srinivas Vaka
    This document appears to be a weekly test for an accounting class, containing 25 multiple choice questions related to topics like bank reconciliation statements, favorable and unfavorable balances, entries in cash books and bank statements, and causes of differences between cash book and bank statement balances. Some key points covered include: 1) The main purpose of a bank reconciliation statement is to identify causes of differences between the cash book and bank statement balances. 2) Favorable balance refers to a credit balance in the bank statement. 3) A bank reconciliation statement is a separate statement prepared to reconcile the cash book and bank statement balances.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    WT - 12 (25.09) Xi-Acc

    Uploaded by

    Srinivas Vaka
    33 views4 pages
    This document appears to be a weekly test for an accounting class, containing 25 multiple choice questions related to topics like bank reconciliation statements, favorable and unfavorable balances, entries in cash books and bank statements, and causes of differences between cash book and bank statement balances. Some key points covered include: 1) The main purpose of a bank reconciliation statement is to identify causes of differences between the cash book and bank statement balances. 2) Favorable balance refers to a credit balance in the bank statement. 3) A bank reconciliation statement is a separate statement prepared to reconcile the cash book and bank statement balances.

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    12. WT - 12 (25.09) XI-ACC

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    This document appears to be a weekly test for an accounting class, containing 25 multiple choice questions related to topics like bank reconciliation statements, favorable and unfavorable balances, entries in cash books and bank statements, and causes of differences between cash book and bank statement balances. Some key points covered include: 1) The main purpose of a bank reconciliation statement is to identify causes of differences between the cash book and bank statement balances. 2) Favorable balance refers to a credit balance in the bank statement. 3) A bank reconciliation statement is a separate statement prepared to reconcile the cash book and bank statement balances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views4 pages

    WT - 12 (25.09) Xi-Acc

    Uploaded by

    Srinivas Vaka
    This document appears to be a weekly test for an accounting class, containing 25 multiple choice questions related to topics like bank reconciliation statements, favorable and unfavorable balances, entries in cash books and bank statements, and causes of differences between cash book and bank statement balances. Some key points covered include: 1) The main purpose of a bank reconciliation statement is to identify causes of differences between the cash book and bank statement balances. 2) Favorable balance refers to a credit balance in the bank statement. 3) A bank reconciliation statement is a separate statement prepared to reconcile the cash book and bank statement balances.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Weekly Test – 12 :: Class XI (MEC)

    VIKAS - The Concept School


    Off Miyapur, Bachupally, Hyderabad – 90
    Phones: 7330999902, 7330999903
    WT : 12 Max. Marks: 25
    ACCOUNTANCY
    Date: 25.09.2021 Time: 45 Min.
    1.   The main purpose of preparing a bank reconciliation statement is? 
      (a) To know the bank balance 
      (b) To know the balance of bank statement 
      (c) To correct the cash book 
      (d) To identify causes of difference between cash book and bank statement 
    2.    Favourable balance means? 
      (a) Credit balance in the cash book  (b) Credit balance in Bank statement 
      (c) Debit balance in cash book  (d) both b and c 
    3.   Bank reconciliation statement is? 
      (a) Part of bank statement  (b) Part of the cash book 
      (c) A separate statement  (d) a sub‐division of journal 
    4.   Uncollected checks are also known as? 
      (a) Outstanding checks  (b) Uncleared checks 
      (c) Outstation checks   (d) Both b & c 
    5.    The check which is deposited into bank but not cleared at the end of a particular 
    year is called? 
      (a) Un credited cheques()a) Uncredited   (b) Unpresented check 
      (c) Omitted check    (d) Dishonoured check 
    6.   In cash book bank charges recorded? 
      (a) Credit side  (b) Debit side  (c) both a & b  (d) None of them 
    7.   Credit balance as per pass book is? 
      (a) Unfavourable balance  (b) Favourable balance 
      (c) Both a & b    (d) None 
    8.   When cash is deposited into bank then the following account would be debited 
    in the company accounts? 
      (a) Cash account    (b) Overdraft account 
      (c) Bank account    (d) None 
    9.    Which of the following would not affect bank reconciliation? 
      (a) Dishonoured cheque  (b) Discount received 
      (c) Bank interest    (d) Check not presented 
    Weekly Test – 12 :: Class XI (MEC)
    10.  If any amount is directly deposited into the bank then? 
      (a) Cash book will show less balance & bank book will show more 
      (b) Cash book will show more balance & bank book will show less 
      (c) Cash book will show double balance 
      (d) Bank book will show double balance 
    11.  When bank statement shows a debit balance, it means? 
      (a) Overdraft balance as per cash book 
      (b) Unfavourable balance as per cash book 
      (c) Unfavourable balance as per bank book 
      (d) None of the above 
    12.  The payment side of cash book is understated by Rs.200.: 
    (a) Rs. 200 added    (b) Rs. 200 deducted 
      (c) Rs. 400 added    (d) Rs. 400 deducted 
    13.  An amount of Rs.1000 is debited twice in bank statement, the effect of it on 
    cash book: 
    (a) Rs. 1000 added    (b) Rs. 2000 deducted 
      (c) Rs. 1000 deducted  (d) Rs. 2000 added 
    14.  Debit balance as per cash book of ABC Co. on 31.03.2020 is Rs. 1500. Cheque 
    deposited  but  not  cleared  amounts  to  Rs.  100  and  cheque  issued  but  not 
    presented of Rs. 150. Balance as per pass book should be 
      a) 1750  b) 1550  c) 1650  d) None of these 
    15.  Overdraft balance as per cash book means: 
      (a) Credit balance in the cash book 
      (b) Credit balance in the bank column of cash book 
      (c) Decrease in liability  (d) None of the above. 
    16.  Payment done by the account holder through issuing a cheque is entered in 
      (a) the pass book at the time of issuing the cheque 
      (b) the Pass book at the time of presenting the cheque to the bank for payment 
      (c) the Cash book at the time of issuing the cheque 
      (d) Both (b) and (c) 
    17.  Bank balance as per cash book is Rs. 12,000 taking in to account cheques worth 
    Rs20,000  deposited  in  bank.  Of  the  cheques  deposited  on  cheque  of  Rs. 
    5,000was  yet  to  be  cleared  and  another  cheque  for  Rs.  4,000  was  returned 
    unpaid. The balance as per pass book is____ 
      (a) Rs. 3,500  (b) Rs. 3,000  (c) Rs. 5,000  (d) Rs. 4,000 
    Weekly Test – 12 :: Class XI (MEC)
    18.  A bank reconciliation statement is prepared by? 
      (a) Banker  (b) Accountant of the business 
      (c) Auditors  (d) Registrar 
    19.  Cash  book  balance  was  Rs.  1,790(Dr).  When  compared  with  the  bank 
    statement,  it  was  identified  that  unpresented  cheques  were  Rs.  1,040  and 
    deposits not credited were Rs. 820.Balance of bank statement will  
      (a) Rs. 70(Dr)  (b) Rs. 1,570 (Cr)  (c) Rs. 2010 (Cr)  (d) Rs. 3,650 (Cr) 
    20.  Balance  as  per  bank  statement  Rs.  22,650.  Uncleared  lodgements  Rs.  3,110; 
    Unpresented cheques Rs. 6,290. Bank credit recorded twice by bank in error as 
    Rs.650. Now balance as per cash book is__ 
      (a) Rs. 18,820  (b) Rs. 20,120  (c) Rs. 25,180  (d) Rs. 26,480 
    21.  Assertion(A): When cheques issued by the firm to suppliers of the firm, these 
    are immediately entered in on the credit side of the cash book. 
      Reason(R): Because it was an Income to the firm. 
      (a) both A and R are true, and R is the correct explanation of A 
    (b) both A and R are true, but R is not the correct explanation of A 
    (c) A is true but R is false.      (d) A is false but R is true. 
    22.  If bank Reconciliation Statement is prepared with Dr. balance as per Cash book, 
    which of the following will be added:‐ 
      (a) Cheques deposited not yet credited  (b) Interest charged by Bank 
      (c) Directly deposited by customer in bank account  
      (d) Bills paid by bank on standing instructions 
    23.  Assertion (A): Cheques deposited and dishonoured on the date of maturity, the 
    same is debited to customer account by the bank. 
      Reason (R): There is no entry in the cash book because of no information from 
    the bank immediately. 
      (a) both A and R are true, and R is the correct explanation of A 
    (b) both A and R are true, but R is not the correct explanation of A 
    (c) A is true but R is false.    (d) A is false but R is true. 
    24.  If  Bank  Reconciliation  Statement  is  prepared  with  Pass  book  Balance,  it  was 
    noticed that cheques issued for ₹25,000 were credited in Cash book but were 
    not  presented  for  payment.  What  would  be  the  effect  in  pass  book  for  the 
    above transaction? 
      (a) Added     (b) Debited  
      (c) Credited     (d) No effect in Pass Book 
    Weekly Test – 12 :: Class XI (MEC)
    25.  ₹ 3,000 was credited wrongly by bank in the account of Lala Todar Mal instead 
    on in the account of Lala Suraj Mal. While preparing BRS with the balance as 
    per Cash Book taken as base …….. 
      (a) ₹ 3,000 will be added  (b) ₹ 3,000 will be subtracted 
      (c) ₹ 6,000 will be added  (d) ₹ 6,000 will be subtracted
    * * *

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