HSC Commerce Class 11 - Tamil Nadu Board of Secondary Education Question Bank Solutions for Accountancy

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When money is withdrawn from bank, the bank ______.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 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?

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?

What is bank reconciliation statement?

Give any two expenses which may be paid by the banker as per standing instruction.

The bank reconciliation statement is prepared by the banker.

Credit balance as per bank statement is an overdraft.

Bank charges debited by the bank increases the balance as per bank statement.

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?

What is meant by accounting concepts?

What is capital profit?

Choose the following item into capital and revenue.

Registration expenses incurred for the purchase of land.

Choose the following item into capital and revenue.

Repairing charges paid for remodelling the old building purchased.

Choose the following item into capital and revenue.

Carriage paid on goods purchased.

Choose the following item into capital and revenue.

Legal expenses paid for raising of loans

State whether the following is capital and revenue.

Construction of building ₹ 10,00,000.