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CodeVID-M11-WS
Bank Reconciliation Statement — Practice Worksheet
Chapter: Bank Reconciliation Statement
Topic: Bank Reconciliation Statement
Maximum Marks: 35
Time: 30 minutes
Name: ____________________ Roll No.: __________ Date: ____________

General Instructions

  • All questions are compulsory.
  • Choose the correct option (A, B, C or D) for each question.
  • The answer key is at the end — try the paper first!
Section A — Multiple Choice (1 mark each) 15 × 1 = 15 marks
1.
A BRS reconciles the cash book balance with the:
  • A.Trial balance
  • B.Pass book balance
  • C.Profit
  • D.Petty cash
2.
The bank's record of the firm's account is the:
  • A.Cash book
  • B.Pass book (bank statement)
  • C.Journal
  • D.Ledger
3.
A deposit is a debit in the cash book but a ____ in the pass book.
  • A.Debit
  • B.Credit
  • C.Balance
  • D.Charge
4.
A cheque issued but not yet presented makes the pass book balance:
  • A.Lower
  • B.Higher than the cash book
  • C.Equal
  • D.Nil
5.
A cheque deposited but not yet cleared makes the pass book balance:
  • A.Higher
  • B.Lower than the cash book
  • C.Equal
  • D.Doubled
6.
Most causes of difference in a BRS are due to:
  • A.Fraud
  • B.Timing
  • C.Tax
  • D.Inflation
7.
A favourable balance as per the cash book is a:
  • A.Credit balance
  • B.Debit balance
  • C.Overdraft
  • D.Nil balance
8.
Starting from the cash book balance, bank charges are:
  • A.Added
  • B.Subtracted
  • C.Ignored
  • D.Doubled
9.
Interest collected by the bank (starting from cash book) is:
  • A.Added
  • B.Subtracted
  • C.Ignored
  • D.An overdraft
10.
An overdraft is a ____ balance in the cash book.
  • A.Debit
  • B.Credit
  • C.Nil
  • D.Favourable
11.
An overdraft is a ____ balance in the pass book.
  • A.Credit
  • B.Debit
  • C.Nil
  • D.Favourable
12.
In the adjusted cash book method, dishonoured cheques are:
  • A.Added
  • B.Subtracted
  • C.Ignored
  • D.Doubled
13.
After adjusting the cash book, the BRS deals only with ____ items.
  • A.Error
  • B.Timing
  • C.Tax
  • D.Capital
14.
Cash book balance Rs 30,000; cheques issued not presented Rs 5,000 only. Pass book balance:
  • A.Rs 25,000
  • B.Rs 35,000
  • C.Rs 30,000
  • D.Rs 5,000
15.
An advantage of the adjusted cash book method is that it:
  • A.Updates the firm's own records for missed charges/collections
  • B.Hides bank charges
  • C.Removes the bank
  • D.Avoids reconciliation entirely
Section B — Challenge / Olympiad (2 marks each) 10 × 2 = 20 marks
16.
Cash book (Dr) balance Rs 50,000. Cheques issued not presented Rs 12,000; cheques deposited not cleared Rs 7,000; bank charges Rs 300. The pass book balance is:
  • A.Rs 54,700
  • B.Rs 45,000
  • C.Rs 50,000
  • D.Rs 69,300
17.
Starting from a PASS BOOK balance instead of the cash book, the sign of every adjustment must be:
  • A.Reversed compared with starting from the cash book
  • B.Kept the same
  • C.Always added
  • D.Always subtracted
18.
A trader's pass book shows Rs 9,000 but his cash book shows Rs 9,500. The most likely single cause is:
  • A.A cheque of Rs 500 deposited but not yet cleared
  • B.A cheque issued not presented Rs 500
  • C.Interest credited by bank Rs 500
  • D.Bank charges of Rs 500 not recorded by us
19.
Why can 'cheques issued but not presented' never be entered in the firm's own cash book to fix the difference?
  • A.The entry was already made when issued; clearing depends on the payee/bank
  • B.Cheques cannot be recorded
  • C.It is the bank's secret
  • D.It is an error
20.
An overdraft as per the cash book is Rs 20,000 (credit). A cheque issued but not presented Rs 4,000. Treating the overdraft as −20,000, the pass book overdraft is:
  • A.Rs 16,000 overdraft
  • B.Rs 24,000 overdraft
  • C.Rs 4,000 favourable
  • D.Nil
21.
In the adjusted cash book method, which item is NOT entered in the adjusted cash book?
  • A.Cheques deposited but not yet cleared
  • B.Bank charges
  • C.Interest collected by the bank
  • D.A dishonoured cheque
22.
A BRS is useful chiefly because it:
  • A.Detects errors and frauds and confirms both records
  • B.Increases the bank balance
  • C.Avoids paying charges
  • D.Replaces the cash book
23.
The bank wrongly debited the firm's account with another customer's cheque of Rs 1,000. Starting from the cash book balance, this is:
  • A.Subtracted (the pass book is lower by 1,000 due to the bank's error)
  • B.Added
  • C.Ignored
  • D.Doubled
24.
After preparing an adjusted cash book, the corrected balance is then used to:
  • A.Start a short BRS containing only uncleared/unpresented cheques
  • B.Prepare the trial balance only
  • C.Replace the pass book
  • D.Cancel the bank account
25.
If, after a correct BRS, the two balances still will not reconcile, the likeliest reason is:
  • A.An undetected error in the cash book or pass book
  • B.Inflation
  • C.A tax change
  • D.The bank is closed

Answer Key

Section A — Multiple Choice (1 mark each)
  1. (B) Pass book balance
  2. (B) Pass book (bank statement)
  3. (B) Credit
  4. (B) Higher than the cash book
  5. (B) Lower than the cash book
  6. (B) Timing
  7. (B) Debit balance
  8. (B) Subtracted
  9. (A) Added
  10. (B) Credit
  11. (B) Debit
  12. (B) Subtracted
  13. (B) Timing
  14. (B) Rs 35,000
  15. (A) Updates the firm's own records for missed charges/collections
Section B — Challenge / Olympiad (2 marks each)
  1. (A) Rs 54,700
  2. (A) Reversed compared with starting from the cash book
  3. (A) A cheque of Rs 500 deposited but not yet cleared
  4. (A) The entry was already made when issued; clearing depends on the payee/bank
  5. (A) Rs 16,000 overdraft
  6. (A) Cheques deposited but not yet cleared
  7. (A) Detects errors and frauds and confirms both records
  8. (A) Subtracted (the pass book is lower by 1,000 due to the bank's error)
  9. (A) Start a short BRS containing only uncleared/unpresented cheques
  10. (A) An undetected error in the cash book or pass book
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