10 Questions on Bank Reconciliation Statement CBSE Class-XI

 
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 :







Comments

  1. Babeha says

    I have studied in state board from 8th to 10th. And i have changed to cbse in XI. i feel it very difficult to study in cbse now.I have got only 57% in Ist term exam.please help

  2. Yuri Aleixo says

    Does anyone know where can I find the solutions for cbse class xi computer science textbook questions on internet?

    at least the C++ chapters answers.
    please answer at the earliest

  3. pekusita says

    i am in class xi cbse i want to become a lawyer….now i want to know that should i take maths or information pratices in class xi…….which will be more useful……considering clat exam and law……..my cousin said that maths only till class x comes in the clat exam is that so????????

  4. Annie Cate Anderson says

    I’m planning on visiting small local accountancy firms to enquire about any vacancies they have or if I may be able to do some work experience for them as I’m attempting to get into the field.

    I’m just a little unsure of who to approach in these firms, so who would be best to ask for? I just wish to introduce and approach them myself as professionally as I!

    Thanks.
    These are very small businesses.. one’s with but a few people running the business.. there wouldn’t be an HR department.

  5. Bloody Mary says

    Hi, I’ve been interested in accountancy for a while and I want to know the best ways to get into it at uni or working for a firm. Also what A levels & Degree would be needed to help me along the way.

    Many Thanks!

  6. Danny Humberto says

    I’m considering a career in accountancy and would like to know the pros and cons of having a career in accountancy and generally what the job involves?

  7. Ken Blanchard says

    Can you tell me how and where to find class eleven cbse exam papers that are solved? I need the Chemistry and Biology papers urgently, and can do with Physics too.
    Do you think it helps to get a great score in the exam? Any other suggestions to score well are welcome.
    Thanks

  8. Alma Sanchez says

    My son is looking to go to university in 2011. He is a good mathematician, physicist etc., but in this day and age he wants to study for a profession rather than just studying a ‘subject’ at university. He has come up with the idea of accountancy. What would be the avenues for him to get into this without incurring loads of debt at university while he goes about it? Any suggestions? Or indeed, any other career paths?

  9. Diego Ar says

    I currently attend Northern Illinois University in DeKalb. Lately I’ve been looking to transfer to a school in the city (Chicago). What school would most benefit me as an accountancy major? I know NIU has a great accountancy program, but is there one better in the city?

  10. illflavored22 says

    Other than the normal CA of ICAI is there any other accountancy degree recognised in India?I am based abroad and am planning to do an accountancy course but just in case I decide to settle in India want to make sure that would be able to practice/work in india

  11. Jeff Bujouves says

    I studied accountancy in polytechnic and i have my higher national diploma[HND] in 1997 .I proceeded to Nigeria college of accountancy, Jos to pursuit my professional examination in which i qualified in 2003 as certified National Accountant under umbrella of Association of National Accountants of Nigeria[ANAN].Now as a chartered Accountant i want to fit in to every situation i may find myself.Presently i am working with office of auditor general for FCT area councils ,Abuja.Please what is the less costly way to fit in as a professional Accountant.

  12. Somone A says

    I gratuated in accountancy in Finland 7 years ago. after that I worked as a bookkeeper for 1.5 years. moved to London to work in catering and in last one year have done lots of accountancy work for my present job using Sage Line 50 and would love to have a career in accountacy and learn more.

  13. Ryan Correll says

    From board point of view,which is the best book for CBSE class XI and XII COmputer Science.?
    Also, let me know about sample papers for the same

  14. David Hails says

    i want a guide that can substitute for tutions and also provides vital information needed to fare well in the class XI (cbse) examinations.

  15. Connor Rasmussen says

    I am looking into doing an accountancy qualification, I currently hold an honours degree in Law and I don’t want to do another year at university but I am getting confused between all the different courses. What is the main difference between AAT, ACCA and CIMA? Which is the best one to do?

  16. Majestic Narwhal says

    I want to know that whether the Pradeep’s books are best for class XI cbse or there are any other book best for Physics and chemistry for theory and numericals?

  17. annaaa says

    What is the marking scheme for class XI cbse maths?

    plzzz post the entire marking scheme here or give me the direct link to the marking scheme….

  18. Mauricio says

    I’m thinking of becoming an accountant, I’m currently studying Maths, Biology, Chemistry and Physics at AS level and will be applying for university soon. I was wondering what kinds of things do the big firms look for.
    Like what degree to they look for? I am planning to take the ACCA exams once I finish university. Or Should I just study accountancy at degree level? I was hoping to study something thats relevant but also as a back up….Thanks :D

  19. Chantae thomas says

    I failed in my class XI CBSE exams (Non-Medical Stream) from a private school. Now as I have found that there is only one way to get admission in XII CBSE Boards & that is through NIOS but how do I go about it ?
    What is the procedure ? I reside in Chandigarh.
    Please help me I am feeling depressed.
    And is NIOS equivalent to CBSE ?

  20. kimberly hobbs says

    Iam going to class xi (cbse )and have decided to go fitjees classroom program and study from brilliant iit elite package(CORRESPONDENCE). Is this a good option will fitjee cbse and brilliant be at par.

  21. st laGHETTO says

    Taking up cost accountancy and not MBA after graduation will it be a wise choice?How good are the career prospects in cost accountancy are there any job anyway?

  22. Sebastian Caballero says

    I need it for coming CBSE upcoming exhibitions…a very unique which represents need for society or something like that…please I need your help.

  23. Boys Love Bang Bang says

    I have a choice between a master in Accountany or in Business Administration?

    Some friends advised me to go for the Accountancy so what do you think ?

  24. Andy Carvin says

    Just need to add a bit on this.

    I’ve classed one of my 2hobbies and interests” as Current Affairs, and thus, the credit crunch. As this relates to Accountancy and Finance.

    What can I put?

  25. Icfadila Hanisa Lbs says

    Ofcourse I want to be the best in my course.
    What qualities should I have to be successful in economics
    and accountancy?
    What fields should I master.
    I’ve read a keynesian theory that a master economist should combine the abilities of a statesman, mathematician, historian, and philosopher.
    And that economist should also study geography.
    My first day will be on May 26.

    Don’t be shy to answer me.

  26. Brittany McD says

    it is for class xi cbse (holiday assignement) the project should include introduction, steps towards making a project, choice of target group, collection of data, organisation and presentation of data, analysis and interpretation, conclusion, bibliography.

    suggested list of projects:
    1. consumer awareness
    2. as a representative of a local gvt. you want to asses the participation of women in various employement schemes in your area . prepare a project report.

  27. Annice Rynes says

    One of my relative is planning to study for class XII from Pune. He has already registered for school from his local place but wishes to study from Pune. Also any chance to continue for schooling from Pune, he has already completed XI from his local place. A list of moderate/good schools where direct admission to XII CBSE would be helpful. He has completed his X (matriculation), CBSE from Delhi Public School. Thanks in advance.

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