CBSE Class 11 Accountancy Bank Reconciliation Statement Worksheet

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen MCQs

Question. Statement that explains the causes of difference between cash-book and bank statement is called:
a) Bank statement
b) Financial statement
c) Income statement
d) Bank reconciliation statement
Answer. (D)

Question. Bank reconciliation statement is prepared by:
a) Bank
b) Customer’s accountant
c) Auditors
d) None of the above
Answer. (C)

Question. Bank statement is issued by:
a) Bank
b) Auditors
c) Depositor / Customer
d) None of the above
Answer. (A)

Question. Bank reconciliation statement is:
a) Part of Bank statement
b) Memorandum statement
c) Part of journal
d) Ledger account
Answer. (B)

Question. Bank Reconciliation statement is prepared in the books of:
a) Bank
b) Guarantor
c) Depositor/ trader
d) None of the above
Answer. (C)

Question. Cheques issued but not presented in the bank are called:
a) Un-presented cheques
b) Un-credited cheques
c) Un-collected cheques
d) Un-cleared cheques
Answer. (A)

Question. The differences between the cash-book and bank pass-book is caused by:
a) Timing differences on recording of the transactions.
b) Errors made by the business
c) Errors made by the bank
d) All of the above
Answer. (D)

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen Fill In The Blanks

Question. A statement showing reasons for differences between Cash Book and Pass book balances on a particular day is called _____________.
Answer. Bank Reconciliation Statement

Question. Bank Reconciliation Statement is prepared to reconcile _________ and ________ balances.
Answer. cash book , pass book

Question. Unfavourable balance as per Pass book is _________ balance.
Answer. debit

Question. Unfavourable balance as per Cash book is _________ balance.
Answer. credit

Question. Favourable balance as per Pass book is _________ balance.
Answer. credit

Question. Favourable balance as per Cash book is _________ balance.
Answer. debit

Question. Bank overdraft is ___________ balance as Cash Book.
Answer. Credit

Question. Bank overdraft is ___________ balance as Pass Book.
Answer. Debit

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen True And False 

1. A statement showing reasons for differences between Cash Book and Pass book balances on a particular day is called Trial Balance. [False]

2. Bank Reconciliation Statement is prepared to reconcile cash book and pass book balances. [True]

3. Unfavourable balance as per Pass book is credit balance. [False]

4. Unfavourable balance as per Cash book is credit balance. [True]

5. Favourable balance as per Pass book is credit balance. [True]

6. Favourable balance as per Cash book is Credit balance. [False]

7. Bank overdraft is debit balance as Cash Book. [False]

8. Bank overdraft is Debit balance as Pass Book. [True]

CBSE Class 11 Accountancy Chapter 5 Bank Reconciliation Statemen Match The Following

Question. Match items in List I with terms in List II using the codes given below the lists-
1. Cheques issued by the bank but not                   a) Increases the cash book
yet presented for payment .what will
be its effect on cash book                    
2. Cheques pay into bank but not yet                      b) increases the pass book
collected. what will be its effect on cash book
                                                                                c) decreases the cash book
                                                                                d) decreases the pass book
Answer. 1;c , 2;a

Question. Match items in List I with terms in List II using the codes given below the lists-
1. Cheques issued by the bank but not yet             a) cash book balance is more thanpass book balance.
presented for payment .what will be its effect
on pass book
2. Cheques pay into bank but not yet                     b) Pass book balance is more than cash book balance.
collected. What will be its effect on
pass book
                                                                               c) cash book balance is less than pass book balance.
                                                                               d) Pass book balance is less than cash book balance.
Answer. 1-d, 2-b

Question. Match items in List I with terms in List II using the codes given below the lists-
1. Direct debits made by the bank            a) cash book balance is more than pass book balance.
on behalf of the customer. what
will be its effect on cash book
2. Amount directly deposited in                b) Pass book balance is more than cash book balance.
the bank account what will be its
effect on cash book
                                                                c) cash book balance is less than pass book balance.
                                                                d) Passbook balance is less than cash book balance.
Answer.1;a, 2;c

Question. Match items in List I with terms in List II using the codes given below the lists-
1. Direct debits made by the bank                a) Cash book balance is more than pass book balance.
on behalf of the customer. what will
be its effect on Pass book
2. Amount directly deposited in the              b) Pass book balance is more than cash book balance.
bank account what will be its effect
on pass book
                                                                     c) Cash book balance is less than pass book balance.
                                                                     d) Pass book balance is less than cash book balance.
Answer. 1-d, 2-b

Question. On which side (Plus side Or minus Side) the following items will be shown while preparing bank reconciliation statement, if credit balance as per cash book is given?
1. Cheque Deposited But not yet credited by bank.       a) Plus side
2. Cheque issued and presented for payment               b) minus side
c) none of any side
Answer. 1-b, 2-c

Question. On which side (Plus side Or minus Side) the following items will be shown while preparing bank reconciliation statement, if Debit balance as per Pass book Rs is given?
1. Post-dated cheque debited in the           a) 15,000 Plus side
cash book but not sent to bank.
2. One outgoing cheque of Rs 700            b)15,000 minus side 
was recorded twice in the cash book.
                                                                   c) 700 minus side
                                                                   d) 1400 Plus side
Answer. 1-b; 2-c

Bank Reconciliation Statement

Q1. From the following particulars of Mr. Vinod, prepare bank reconciliation statement as on March 31, 2015.

1. Bank balance as per cash book Rs 50,000.

2. Cheques issued but not presented for payment Rs 6,000.

3. The bank had directly collected dividend of Rs 8,000 and credited to bank accountbut was not entered in the cash book.

4. Bank charges of Rs 400 were not entered in the cash book.

5. A cheques for Rs 6,000 was deposited but not collected by the bank.

Q2. From the following particulars of Anil & Co. prepare a bank reconciliation statement ason August 31, 2015.

1. Balance as per the cash book Rs 54,000.

2. ` 100 bank incidental charges debited to Anil & Co. account, which is not recordedin cash book.

3. Cheques for Rs 5,400 is deposited in the bank but not yet collected by the bank.

4. A cheque for Rs 20,000 is issued by Anil & Co. not presented for payment.

Q3. The bank passbook of M/s. Boss & Co. showed a balance of Rs 45,000 on May 31, 2015.

1. Cheques issued before May 31,2015, amounting to Rs 25,940 had not been presented for encashment.

2. Two cheques of Rs 3,900 and Rs 2,350 were deposited into the bank on May 31but the bank gave credit for the same in June.

3. There was also a debit in the passbook of Rs 2,500 in respect of a cheque dishonoured on 31.5.2015. Prepare a bank reconciliation statement as on May 31, 2015.

Q4.On March 31, 2005 the bank column of the cash book of Agrawal Traders showed a creditbalance of Rs1,18,100 (Overdraft). On examining of the cash book and the bank statement,it was found that :

1. Cheques received and recorded in the cash book but not sent to the bank of collection Rs 12,400.

2. Payment received from a customer directly by the bank Rs 27,300 but no entrywas made in the cash book.

3. Cheques issued for Rs1,75,200 not presented for payment.Interest of Rs 8,800 charged by the bank was not entered in the cash book. Prepare bank reconciliation statement.

Q5. From the following particulars of Asha & Co. prepare a bank reconciliation statement onDecember 31, 2014.

a) Overdraft as per passbook 20,000

b) Interest on overdraft 2,000

c) Insurance Premium paid by the bank 200

d) Cheque issued but not presented for payment 6,500

e) Cheque deposited but not yet cleared 6,000

f) Wrongly debited by the bank 500.

Q6.From the following particulars, prepare a bank reconciliation statement as onMarch 31, 2001.

(a) Debit balance as per cash book is Rs 10,000.

(b) A cheque for Rs 1,000 deposited but not recorded in the cash book.

(c) A cash deposit of Rs 200 was recorded in the cash book if there is not bank,column therein.

(d) A cheque issued for Rs 250 was recorded as Rs 205 in the cash column.

(e) The debit balance of Rs 1,500 as on the previous day was brought forward as acredit balance.

(f) The payment side of the cash book was under cast by Rs 100.

(g) A cash discount allowed of Rs 112 was recorded as Rs 121 in the bank column.

(h) A cheque of Rs 500 received from a debtor was recorded in the cash book but notdeposited in the bank for collection.

(i) One outgoing cheque of Rs 300 was recorded twice in the cash book.

Q7. From the following particulars, prepare the bank reconciliation statement of Shri Krishanas on March 31, 2005.

(a) Balance as per passbook is Rs 10,000.

(b) Bank collected a cheque of Rs 500 on behalf of Shri Krishan but wrongly creditedit to Shri Krishan’s account.

(c) Bank recorded a cash book deposit of Rs 1,589 as Rs 1,598.

(d) Withdrawal column of the passbook under cast by Rs 100.

(e) The credit balance of Rs 1,500 as on the pass-book was recorded in the debitbalance.

(f) The payment of a cheque of Rs 350 was recorded twice in the passbook.

(g) The pass-book showed a credit balance. For a cheque of Rs 100 deposited by ShriKishan.

Q8.The following is the summary of a cash book for December, 2014.

Cash Book (Bank Column)

All receipts are banked and payments are made by cheques. On nvestigation thefollowing are observed:

1. Bank charges of Rs 1,224 entered in the bank statement have not been entered incash book.

2. Cheques drawn amounting to Rs 2,403 have not been presented to the bank forpayment.

3. Cheques received totalling Rs 6,858 have been entered in the cash book and depositedin the bank, but have not been credited by the bank until January, 2015.

4. A cheque for Rs 198 has been entered as a receipt in the cash book instead of aspayment.

5. A cheque for Rs 225 has been debited by the bank in error.

6. A cheque received for Rs 720 has been returned by the bank and marked “Nofunds available”, no adjustment had been made in the cash book.

7. All dividends receivable are credited directly to the bank account. During December,an amount of Rs 558 was credited by the bank and no entry is made in the cash book.

8. A cheque drawn for Rs 54 has been incorrectly entered in the cash book as Rs 594.

9. The balance brought forward should have been Rs 639.

10. The bank statement as on December, 31, 2014 showed an overdraft of Rs 10,458.

(a) You are required to prepare an amended cash book and

(b) Prepare a bank reconciliation statement as on Dec. 31, 2014.

Q9. The bank overdraft of Smith Ltd., on December 31, 2004 as per cash book is Rs18,000From the following information, asscertain the adjusted cash balance and prepare bankreconciliation statement `

(i) Unpresented cheques 6,000

(ii) Uncleared cheques 3,400

(iii) Bank interest debited in the passbook only 1,000

(iv) Bills collected and credited in the passbook only 1,600

(v) Cheque of Arun traders dishonoured 1,000

(vi) Cheque issued to Kapoor & Co. not yet entered in the 600of cash book.

Q10 On comparing the cash book with passbook of Naman it is found that onMarch 31, 2015, bank balance of Rs 40,960 showed by the cash bookdiffers from the bank balance with regard to the following :

(a) Bank charges Rs 100 on March 31, 2015, are not entered in the cash book.

(b) On March 21, 2005, a debtor paid Rs 2,000 into the company’s bankin settlement of his account, but no entry was made in the cash bookof the company in respect of this.

(c) Cheques totaling Rs 12,980 were issued by the company and dulyrecorded in the cash book before March 31, 2015, but had not beenpresented at the bank for payment until after that date.

(d) A bill for Rs 6,900 discounted with the bank is entered in the cashbook with recording the discount charge of ` 800.

(e) Rs 3,520 is entered in the cash book as paid into bank on March 31st, 2015, but not credited by the bank until the following day.

(f) No entry has been made in the cash book to record the dishonuor on March 15, 2015 of a cheque for Rs 650 received from Bhanu. Prepare a reconciliation statement as on March 31, 2015

Q11. Raghav & Co. have two bank accounts. Account No. I and Account No.

II.From the following particulars relating to Account No. I, find out the balanceon that account of December 31, 2015 according to the cash book ofthe firm.

(i) Cheques paid into bank prior to December 31, 2015, but not creditedfor Rs 10,000.

(ii) Transfer of funds from account No. II to account no. I recorded bythe bank on December 31, 2015 but entered in the cash book afterthat date for Rs 8,000.

(iii) Cheques issued prior to December 31, 2015 but not presented untilafter that date for Rs 7,429.

(iv) Bank charges debited by bank not entered in the cash book for Rs200.

(v) Interest Debited by the bank not entered in the cash book Rs 580.

(vi) Overdraft as per Passbook Rs 18,990.

Q12. Overdraft shown by the passbook of Mr. Murli is Rs 20,000. Preparebank reconciliation statement on dated December 31, 2014.

(i) Bank charges debited as per passbook Rs 500.

(ii) Cheques recorded in the cash book but not sent to the bank forcollection Rs 2,500.

(iii) Received a payment directly from customer Rs 4,600.

(iv) Cheque issued but not presented for payment Rs 6,980.

(v) Interest credited by the bank Rs 100.

(vi) LIC paid by bank Rs 2,500.

(vii) Cheques deposited with the bank but not collected Rs 3,500.

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