Banking transactions and accounts relating to cheque - class-XI
Description: banking transactions and accounts relating to cheque | |
Number of Questions: 45 | |
Created by: Varsha Mane | |
Tags: accountancy elements of accounts book keeping and accountancy original entry: journal and subsidiary books banking transactions and accounts relating to cheque cash book journal bank reconciliation statement |
The basic aim of Lead Bank Scheme is that ____________________.
A bank issued an advice to the account holder whenever it deducts a certain amount from his account.
The total of discount column on the debit side of the cash book is posted to the _________________.
For opening Joint Bank account, in case of separate sets of books:
When does a entry termed as a combined entry ___________.
A bank statement is a copy of ___________.
A bank pass book is a copy of :
The difference in the balances of both the cash-book and the pass-book can be because of :
Debit balance as per Cash Book of ABC Enterprises as on 31st March is Rs. 3,000. Cheques deposited but not cleared amounts to Rs. 200 and Cheques issued but not presented of Rs. 300. The bank allowed interest amounting Rs. 100 and collected dividend Rs. 100 on behalf of ABC Enterprises. Balance as per pass book should be __________ .
A bank reconciliation statements is prepared to reconcile the difference in -
Direct payment to the third party on behalf of the account holder is entered in-
Credit Balance in the Cash Book means:
Direct payment received from third party on behalf of account holder is entered in-
Payment received by the account holder through a cheque is entered in-
Carriage on saleable goods is a ___________ .
Which of the following item is to be adjusted in the Amended Cash Book:
An account book which is maintained by the businessman to record only banking transactions entered with the various banks is called Bank book.
A Bank Pass Book is a small booklet in which the details of all ledger entries in respect of banking transactions appearing in the books of bank are entered for the knowledge of account holder.
State whether the following statement is True or False.
Interest on overdraft is debited in pass book.
Interest on bank overdraft is recorded on ___________ side of pass-book.
State whether the following statement is True or False.
Bank charges debited by Bank increase bank balance in the Pass Book.
State whether the following statement is True or False.
Interest credited in Pass Book is an income to the customer.
State whether the following statement is True or False.
Cheque deposited into the bank increases the bank balance in the cash book.
State whether the following statement is True or False.
Interest and dividend collected by the bank increases the bank balance in the pass book.
Direct deposit by a customer will be recorded on ___________ side of the pass book.
Interest on bank balance is recorded on __________ side of pass book.
A cheque returned by bank marked "NSF" means that _________.
A cheque returned by bank marked "NSF" means that __________.
The reason for totaling at the end of the page of a journal is __________.
If a cheque is written by a firm and is not cancelled by the bank and returned with the month's bank statement, the firm should __________.
In bank reconciliation statement the account of outstanding cheques is added to _____________ balance of cash.
The proper treatment of outstanding cheques on a bank reconciliation is to show them as a __________.
Balance as per cash book = Rs.10000, unpresented cheques = Rs. 2000, uncredited cheque = Rs.500, compute the balance as per bank statement .
Payment done by the account holder through issuing a cheque is entered in :
When credit balance as per pass book is the starting point, interest allowed by bank is?
When the balance as per pass book is the starting point, uncollected cheques are ________.
A bank statement is a copy of __________ .
Features of book keeping one.
When the balance as per pass book is the starting point, direct payments by bank are __________ .
From the following information calculate balance as pass book.
- Balance as per cash book (Dr.) $1,900$
- Cash deposited in bank for Rs. $100$ entered in cash book as $Rs.90$
- Transfer to wife's bank account not entered in cash book $Rs.1,500$
- Bank charges not recorded in cash book $Rs.20$
- Standard order payment $Rs.30$
Statement I:
Receipts & Payment A / c starts with the opening balance of cash in hand and at bank.
Statement II :
Income & Expenditure A / c have no opening balance.
Select the correct answer from the options given below.
The bank statement shows as overdrawn balance of Rs. 2,000. A cheque for Rs. 500 drawn in favour of a credit has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be ___________ .
Which of the following item is not be appear in the Bank Reconciliation Statement if the balance as per Amended Cash Book is taken as the starting point.
Which of the following items is not to be adjusted in the Amended Cash Book:
When balance as per Cash Book is the starting point which of the following is added: