Bank Reconciliation Statement
When bank balance increases, it is debited in _______ and credited in ________.
Pass Book; Cash Book
Cash Book; Pass Book
None of the given options
Cash Book; Pass Book
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All amounts credited by the bank but not recorded in the cash book are _________ in the bank reconciliation statement.A. Credited
B. Debited
C. None of the above
D.
Only those items are recorded in the bank reconciliation statement that lead to a difference in the balance of the cash and pass books.
A. True
B. False
C.
D.
The statement that explains the causes of the difference between the cash book and bank statement is called:
A. Bank Statement
B. Financial Statement
C. Income Statement
D. Bank Reconciliation Statement
Bank statements are prepared in the books of the:
A. Bank
B. Guarantor
C. Depositor/Customer
D. None of the above
The customer’s copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:
A. Sales Book
B. Cash Book
C. Pass Book
D. Purchases Book
Bank reconciliation statements are:
A. Parts of the bank statement
B. Memorandum statement
C. Part of the journal
D. Ledger account
Bank statements are prepared by:
A. Bankers
B. Customer’s Accountant
C. Auditors
D. None of the above
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