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

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Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 6: Bank Reconciliation Statement

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Exercise Q.1 [Page 204]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 6 Bank Reconciliation Statement Exercise Q.1 [Page 204]

Exercise Q.1 | Q 1 | Page 204

Answer in one sentence:

Who prepares a bank Pass Book?

Exercise Q.1 | Q 2 | Page 204

Answer in one sentence:

What is pay-in-slip?

Exercise Q.1 | Q 3 | Page 204

Answer in one sentence:

What is bank overdraft?

Exercise Q.1 | Q 4 | Page 204

Answer in one sentence:

What is withdrawal slip?

Exercise Q.1 | Q 5 | Page 204

Answer in one sentence:

Who sends the bank statement?

Exercise Q.1 | Q 6 | Page 204

Answer in one sentence:

What does a debit balance in Cash Book represent?

Exercise Q.1 | Q 7 | Page 204

Answer in one sentence:

Who prepares the Bank Reconciliation Statement?

Exercise Q.1 | Q 8 | Page 204

Answer in one sentence:

What does debit balance in Pass Book represent?

Exercise Q.1 | Q 9 | Page 204

Answer in one sentence:

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

Exercise Q.1 | Q 10 | Page 204

Answer in one sentence:

Why is the Bank Reconciliation Statement prepared?

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Exercise Q.2 [Page 204]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 6 Bank Reconciliation Statement Exercise Q.2 [Page 204]

Exercise Q.2 | Q 1 | Page 204

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

The account on which overdraft facility is allowed by bank.

Exercise Q.2 | Q 2 | Page 204

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

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

Exercise Q.2 | Q 3 | Page 204

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

Alphanumeric code that facilitates electronic funds transfer in India.

Exercise Q.2 | Q 4 | Page 204

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.

Exercise Q.2 | Q 5 | Page 204

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

Debit balance in Pass Book.

Exercise Q.2 | Q 6 | Page 204

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

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

Exercise Q.2 | Q 7 | Page 204

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

Left hand side of Pay-in-slip.

Exercise Q.2 | Q 8 | Page 204

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

Credit balance in Cash Book.

Exercise Q.2 | Q 9 | Page 204

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

A book maintained by trader to record banking transactions.

Exercise Q.2 | Q 10 | Page 204

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

Excess of bank deposits over withdrawals by businessman in bank current account.

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Exercise Q.3 [Pages 204 - 205]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 6 Bank Reconciliation Statement Exercise Q.3 [Pages 204 - 205]

Exercise Q.3 | Q 1 | Page 204

Do you agree or disagree with the following statement:

The bank column of Cash Book represents bank account.

  • Agree

  • Disagree

Exercise Q.3 | Q 2 | Page 204

Do you agree or disagree with the following statement:

Bank statement enables account holder to prepare Bank Reconciliation Statement.

  • Agree

  • Disagree

Exercise Q.3 | Q 3 | Page 204

Do you agree or disagree with the following statement:

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

  • Agree

  • Disagree

Exercise Q.3 | Q 4 | Page 204

Do you agree or disagree with the following statement:

Bank Reconciliation Statement is prepared only during the year end.

  • Agree

  • Disagree

Exercise Q.3 | Q 5 | Page 204

Do you agree or disagree with the following statement:

Bank Reconciliation Statement is similar to bank statement.

  • Agree

  • Disagree

Exercise Q.3 | Q 6 | Page 205

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.

  • Agree

  • Disagree

Exercise Q.3 | Q 7 | Page 205

Do you agree or disagree with the following statement:

Bank advice is sent by the businessman to bank.

  • Agree

  • Disagree

Exercise Q.3 | Q 8 | Page 205

Do you agree or disagree with the following statement:

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

  • Agree

  • Disagree

Exercise Q.3 | Q 9 | Page 205

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.

  • Agree

  • Disagree

Exercise Q.3 | Q 10 | Page 205

Do you agree or disagree with the following statement:

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

  • Agree

  • Disagree

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Exercise Q.4 [Page 205]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 6 Bank Reconciliation Statement Exercise Q.4 [Page 205]

Exercise Q.4 | Q 1 | Page 205

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

Overdraft means _______ balance of Cash Book.

  • closing

  • debit

  • opening

  • credit

Exercise Q.4 | Q 2 | Page 205

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 _________.

  • dishonoured

  • debited

  • credited

  • written

Exercise Q.4 | Q 3 | Page 205

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.

  • withdrawal slip

  • bank advice

  • bank statement

  • Pay-in-slip

Exercise Q.4 | Q 4 | Page 205

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

Debiting an entry in Cash Book ___________ cash balance.

  • increases

  • decreases

  • nullifies

  • none of the above

Exercise Q.4 | Q 5 | Page 205

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

Bank Reconciliation Statement is prepared by _________.

  • student

  • businessman

  • bank

  • none of the above

Exercise Q.4 | Q 6 | Page 205

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

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

  • credit

  • opening

  • debit

  • closing

Exercise Q.4 | Q 7 | Page 205

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

Bank gives overdraft facility to __________ account holder.

  • savings

  • recurring

  • current

  • fixed

Exercise Q.4 | Q 8 | Page 205

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

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

  • favourable

  • overdraft

  • abnormal

  • unfavourable

Exercise Q.4 | Q 9 | Page 205

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.

  • uncommon

  • normal

  • favourable

  • common

Exercise Q.4 | Q 10 | Page 205

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.

  • uncommon

  • common

  • favourable

  • unfavourable

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Exercise Q.5 [Page 206]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 6 Bank Reconciliation Statement Exercise Q.5 [Page 206]

Exercise Q.5 | Q 1 | Page 206

Complete the following statement:

Payments credited in Cash Book are __________ in Pass Book.

Exercise Q.5 | Q 2 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 3 | Page 206

Complete the following statement:

Cheques issued to creditors appear first in ____________ book.

Exercise Q.5 | Q 4 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 5 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 6 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 7 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 8 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 9 | Page 206

Complete the following statement:

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

Exercise Q.5 | Q 10 | Page 206

Complete the following statement:

A businessman can update his records on receiving __________.

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Exercise Q.6 [Page 206]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 6 Bank Reconciliation Statement Exercise Q.6 [Page 206]

Exercise Q.6 | Q 1 | Page 206

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.

  • True

  • False

Exercise Q.6 | Q 2 | Page 206

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.

  • True

  • False

Exercise Q.6 | Q 3 | Page 206

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

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

  • True

  • False

Exercise Q.6 | Q 4 | Page 206

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.

  • True

  • False

Exercise Q.6 | Q 5 | Page 206

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

Bank Statement is sent by Bank to businessman.

  • True

  • False

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Chapter 6: Bank Reconciliation Statement

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board - Shaalaa.com

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

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 6 (Bank Reconciliation Statement) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 6 Bank Reconciliation Statement are Accounting Documents, Types of Bank Documents, Bank Reconciliation Statement, Reasons for the Difference Between Cash Book Balance and Pass Book Balance, Specimen of Bank Reconciliation Statement, Preparation of Bank Reconciliation Statement.

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