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प्रश्न
Which of the following is not the salient feature of bank reconciliation statement?
पर्याय
Any undue delay in the clearance of cheques will be shown up by the reconciliation
Reconciliation statement will discourage the accountant of the bank from embezzlement
It helps in finding the actual position of the bank balance
Reconciliation statement is prepared only at the end of the accounting period
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उत्तर
Reconciliation statement is prepared only at the end of the accounting period
APPEARS IN
संबंधित प्रश्न
Answer in one sentence:
Who prepares a bank Pass Book?
Answer in one sentence:
Why is the Bank Reconciliation Statement prepared?
Give one word/term/phrase which can substitute the following statement:
Statement showing the causes of disagreement between balance of Cash Book and Pass Book.
Do you agree or disagree with the following statement:
Bank Reconciliation Statement is prepared only during the year end.
Complete the following statement:
A statement showing the reasons for difference in Cash Book balance and Pass Book balance is known as ___________.
Balance as per cash book is ₹ 2, 000. Bank charge of ₹ 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?
The bank reconciliation statement is prepared by the banker.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per pass book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by the bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
- Payment side of the Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
Prepare Bank Reconciliation Statement from the following information as of 31st March 2019.
1. Balance as per Cash Book ₹ 10,000.
2. Cheque of ₹ 2,000 issued but not presented to Bank for payment.
3. Our debtor directly deposited ₹ 3,500 to our Bank account by NEFT, not recorded in the Cash Book.
4. Bank paid electricity bill on our behalf ₹ 450 and charged Bank charges ₹ 100.
5. Paid ₹ 1,500 to ABC & company, our supplier by business debit card but recorded in Cash Book as ₹ 150.
6. Bank credited interest on Investment ₹ 500.
7. Cheque of ₹ 885 issued and presented to Bank but wrongly entered in the Pass Book as ₹ 865.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
