Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 6 - Bank Reconciliation Statement [Latest edition]

Answer in one sentence:

Who prepares a bank Pass Book?

Answer in one sentence:

What is pay-in-slip?

Answer in one sentence:

What is bank overdraft?

Answer in one sentence:

What is withdrawal slip?

Answer in one sentence:

Who sends the bank statement?

Answer in one sentence:

What does a debit balance in Cash Book represent?

Answer in one sentence:

Who prepares the Bank Reconciliation Statement?

Answer in one sentence:

What does debit balance in Pass Book represent?

Answer in one sentence:

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

Answer in one sentence:

Why is the Bank Reconciliation Statement prepared?

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:

Extract of ledger account of account holder in the books of bank.

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

Alphanumeric code that facilitates electronic funds transfer in India.

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.

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

Debit balance in Pass Book.

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

A form which is filled for depositing cash or cheque into bank.

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

Left hand side of Pay-in-slip.

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

Credit balance in Cash Book.

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

A book maintained by trader to record banking transactions.

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:

The bank column of Cash Book represents bank account.

Do you agree or disagree with the following statement:

Bank statement enables account holder to prepare Bank Reconciliation Statement.

Do you agree or disagree with the following statement:

Cheques issued for payment but not presented to bank appears in Cash Book only.

Do you agree or disagree with the following statement:

Bank Reconciliation Statement is prepared only during the year end.

Do you agree or disagree with the following statement:

Bank Reconciliation Statement is similar to bank statement.

Do you agree or disagree with the following statement:

Bank balance as per Cash Book is always equal to bank balance as per Pass Book.

Do you agree or disagree with the following statement:

Bank advice is sent by the businessman to bank.

Do you agree or disagree with the following statement:

Pay-in-slip is used for depositing cheque into bank.

Do you agree or disagree with the following statement:

Difference in Cash Book balance and Pass Book balance may arise due to errors committed while recording.

Do you agree or disagree with the following statement:

Payment and receipt of cash through internet banking generates automatic proof.

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

Overdraft means _______ balance of Cash Book.

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

When a cheque is deposited and collected by bank Pass Book is _________.

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

A __________ is a summary of financial transactions that take place over a period of time on a bank account.

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

Debiting an entry in Cash Book ___________ cash balance.

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 balance as per Pass Book means ___________ balance of Pass Book.

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

Bank gives overdraft facility to __________ account holder.

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

Debit balance as per Cash Book is also known as ___________ balance.

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

When extracts of Cash Book and Pass Book are given for uncommon periods, only ________ items are considered for preparation of Bank Reconciliation Statement.

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

When extract of Cash Book and Pass Book are given for common period, only _________ items are considered for preparation of Bank Reconciliation Statement.

Complete the following statement:

Payments credited in Cash Book are __________ in Pass Book.

Complete the following statement:

While preparing Bank Reconciliation Statement only __________ column of Cash Book is considered.

Complete the following statement:

Cheques issued to creditors appear first in ____________ book.

Complete the following statement:

A statement showing the reasons for difference in Cash Book balance and Pass Book balance is known as ___________.

Complete the following statement:

Overcast on receipt side of Pass Book means _________ in Pass Book balance.

Complete the following statement:

Online transfer made to our creditors appear on the _________ side of Cash Book.

Complete the following statement:

Interest on overdraft charged by bank is ____________ in Pass Book.

Complete the following statement:

Normally the Cash Book shows debit balance and Pass Book shows ________ balance.

Complete the following statement:

The form filled for withdrawing cash from bank is known as __________.

Complete the following statement:

A businessman can update his records on receiving __________.

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

Cheques deposited into bank but not yet cleared appears in the Pass Book only.

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

Direct deposit made by debtors into businessman's bank account is recorded on the credit side of Pass Book.

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

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

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

When overdraft as per Cash Book is given, bank charges debited in Pass Book only, is to be added.

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

Bank Statement is sent by Bank to businessman.