10 Questions on Bank Reconciliation Statement CBSE Class-XI

After the quiz on ledger , now its time for Bank reconciliation statement  which  is prepared as a settlement of records between the balance per  financials books and the balance per the bank statement. The process of accounting bank statement reconciliation is essential because of the many timing differences and errors in the recording process between two parties.

When effectively implemented it assures that the bank as well as the business have relevant financial statements. The process of bank reconciliations bring value. From here each account is checked with records to assure a purchase date, income or expenditure, notes or additional needs, and more.

10 Questions on Bank Reconciliation Statement of Class -XI

A Bank reconciliation statement is :





A Pass Book is a copy of:





A Bank Reconciliation Statement is prepared with the help of:





A Bank Reconciliation Statement is prepared with the help of:





Debit balance in the Pass Book means:





When the balance as per Cash Book is the starting point, direct deposit by customer is :





A Bank Reconcilitation Statement is prepared to know the causes for the difference between:





Credit Balance in the Cash Book means:





When balance as per Pass Book is the starting point, Insurance Premium paid by bank is :





When drawing up a BRS, if  you start with a Credit balance as per the Pass Book, the unpresented cheques should be :







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