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Question
Bank charges debited by the bank increases the balance as per bank statement.
Options
Yes
No
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Solution
Bank charges debited by the bank increases the balance as per bank statement- No
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RELATED QUESTIONS
Answer in one sentence:
Who prepares the Bank Reconciliation Statement?
Answer in one sentence:
Why is the Bank Reconciliation Statement prepared?
Do you agree or disagree with the following statement:
Bank Reconciliation Statement is prepared only during the year end.
Select the most appropriate alternative from those given and rewrite the following statement:
Bank gives overdraft facility to __________ account holder.
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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?
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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?
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.
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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.
