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Question
A bank reconciliation statement is prepared to know the causes for the difference between:
Options
The balance as per the cash column of the cash book and bank column of the cash book
The balance as per the cash column of the cash book and bank statement
The balance as per the bank column of the cash book and the bank statement
The balance as per petty cash book and the cash book
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Solution
The balance as per the bank column of the cash book and the bank statement
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RELATED QUESTIONS
Select the most appropriate alternative from those given and rewrite the following statement:
Bank gives overdraft facility to __________ account holder.
Complete the following statement:
While preparing Bank Reconciliation Statement only __________ column of Cash Book is considered.
Complete the following statement:
A statement showing the reasons for difference in Cash Book balance and Pass Book balance is known as ___________.
State whether the following statement is True or False with reasons:
Businessman can prepare Bank Reconciliation statement only with Cash Book Balance.
When money is withdrawn from bank, the bank ______.
What is bank reconciliation statement?
Credit balance as per bank statement is an overdraft.
Give any three reasons for preparing bank reconciliation statement.
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.
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.
