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Answer in one sentence: Why is Bank Reconciliation Statement prepared?

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प्रश्न

Answer in one sentence:

Why is the Bank Reconciliation Statement prepared?

एक पंक्ति में उत्तर
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उत्तर

Bank Reconciliation Statement is prepared to explain the causes of disagreement between the balances shown by the cash book under the bank column and the balance shown in the pass book.

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अध्याय 6: Bank Reconciliation Statement - Exercises [पृष्ठ २०४]

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बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
अध्याय 6 Bank Reconciliation Statement
Exercises | Q 1. 10. | पृष्ठ २०४

संबंधित प्रश्न

Answer in one sentence:

On which side is interest on bank deposit recorded in Pass Book?


Give one word/term/phrase which can substitute the following statement:

The account on which overdraft facility is allowed by bank.


Give one word/term/phrase which can substitute the following statement:

Excess of bank deposits over withdrawals by businessman in bank current account.


Do you agree or disagree with the following statement:

Bank statement enables account holder to prepare Bank Reconciliation Statement.


Select the most appropriate alternative from those given and rewrite the following statement:

Bank Reconciliation Statement is prepared by _________.


Select the most appropriate alternative from those given and rewrite the following statement:

Bank gives overdraft facility to __________ account holder.


State whether the following statement is True or False with reasons:

Businessman can prepare Bank Reconciliation statement only with Cash Book Balance.


A bank reconciliation statement is prepared to know the causes for the difference between:


When money is withdrawn from bank, the bank ______.


Which of the following is not the salient feature of bank reconciliation statement?


Balance as per bank statement is ₹ 1, 000. Cheque deposited, but not yet credited by the bank is ₹ 2, 000. What is the balance as per bank column of the cash book?


The bank reconciliation statement is prepared by the banker.


Credit balance as per bank statement is an overdraft.


Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.


Give any three reasons for preparing bank reconciliation statement.


Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?


 Correct and rewrite the following statement:

Bank Reconciliation Statement is prepared by Bank.


From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per pass book ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by the bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
  4. Payment side of the Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book  ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare the Bank Reconciliation Statement as on 30th June 2019.

1. Credit balance as per Pass Book ₹ 20,000.

2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in the Pass Book as ₹ 5,300.

3. cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.

4. The payment side of Cash Book was undercast by ₹ 100. 5. The electricity bill paid by the bank ₹ 6,200 was recorded twice in the Pass Book.


From the following particulars prepare the Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by the bank, recorded in the Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by the bank was not recorded in the Cash Book.
  4. The payment side of Cash Book was undercast by ₹ 100.
  5. The electricity bill paid by the bank ₹ 6,200 was recorded twice in the Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹20,000.
  2. A cheque for ₹3,500 was issued and paid by bank, recorded in Pass Book as ₹5,300.
  3. Cheque deposited ₹9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹100.
  5. Electricity bill paid by bank ₹6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as of 30th June 2019.

  1. Credit balance as per pass book ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by the bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
  4. Payment side of the Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.

  1. Credit balance as per Pass Book ₹ 20,000.
  2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
  3. Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
  4. Payment side of Cash Book was undercast by ₹ 100.
  5. Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.

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