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Cpt accounts(b.r.s) imp mcq's & solutions
 

Cpt accounts(b.r.s) imp mcq's & solutions

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    Cpt accounts(b.r.s) imp mcq's & solutions Cpt accounts(b.r.s) imp mcq's & solutions Document Transcript

    • Bank Reconciliation StatementQ.1 Credit balance as per Cash Book - Rs. 10,000 Bank charged interest - Rs. 150 Cheques issued but not presented for payment - Rs. 2,500 Overdraft / Balance as per Pass Book will be: 1. Rs. 7,650 2. Rs. 12,350 3. Rs. 12,650 4. None of these Correct Answer: 1Q.2 When overdraft as per Cash Book is the starting point, a cheque of Rs. 500 deposited into bank but not recorded in Cash Book will be : 1. Added by Rs. 500 2. Deducted by Rs. 500 3. Added by Rs. 1,000 4. Deducted by Rs. 1,000 Correct Answer: 2Q.3 Overdraft as per Cash Book means: 1. Credit balance in the Cash Book 2. Credit balances in the bank column of the Cash Book 3. Decrease in Liability 4. None of the above Correct Answer: 2Q.4 Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs.1,500. Cheques deposited but not cleared amounts to Rs.1000 and cheques issued but not presented of Rs.1500. The bank allowed interest amounting to Rs.50 and collected dividend Rs.500 on behalf of ABC Enterprises. Balance as per pass book should be 1. 2,550 2. 450 3. 1,850 4. 1,650 Correct Answer: 1Q.4 Bank Balance as per Cash Book is Rs.12,000 taking into account cheques worth Rs20,000 deposited in bank. Of the cheques deposited one cheque of Rs. 5,000 was yet to be cleared and another cheque for Rs, 4,000 was returned unpaid. The balance as per Pass Book is - 1. Rs.3500 2. Rs.3,000 3. Rs.5,000 4. Rs.4,000 Correct Answer: 2Q.5 Cheques received but deposited on the next day are recorded in: 1. Cash column of the cash book 2. Bank column of the cash book 3. Both of these 4. None of these Correct Answer: 1 VX PLAIN 2 score more----post your doubts to us vx plain @gmail.com
    • Bank Reconciliation StatementQ.6 Balance shown by Cash Book Rs. 10,000 Cheques issued but not presented for payment Rs. 4,000 Cheques deposited but not yet collected Rs. 3,000 Balance as per Pass Book will be; 1. Rs. 9,000 2. Rs. 10,000 3. Rs. 11,000 4. None Correct Answer: 3Q.7 Favourable balance as per Cash Book means: 1. Debit balance in the bank column of the cash book 2. Debit balance in the pass book 3. Credit balance in the bank column of the cash book 4. None of these Correct Answer: 1Q.8 In arriving at adjusted cash balance which of the following is not taken into account: 1. Amount deposited by our customer directly in our account 2. Errors in the Cash Book 3. Errors in the Pass Book 4. All of these Correct Answer: 3Q.9 Beta Ltd. received its bank statement showing a favorable balance of Rs.5,525 for the period ended June 30 this did not agree with the balance in the cash book.An examination of the cash book and bank statement disclosed the following : (i) A standing order for payment of annual subscription amounting to Rs.10 had not been entered in the cash book (ii) On June 25th the managing director had given the cashier a cheque for Rs.100 to pay into his personal account at the bank. The cashier had paid it into the companys account by mistake. (iii) Cheques amount to Rs.4,672 had not been presented to the bank for payment until after June 30 The balance as per cash book on June 30 x 1 is 1. Rs.963 (favorable) 2. Rs.763 (favorable) 3. Rs.743 (favorable) 4. Rs.10,307 (favorable) Correct Answer: 2Q.9 What is the treatment if the starting point is a favourable Cash Book balance, when Bank Charges are levied? 1. Add to the Pass Book balance 2. Subtract from the Cash Book balance 3. Add to Cash Book balance 4. Subtract from the Pass Book balance Correct Answer: 2 VX PLAIN 2 score more----post your doubts to us vx plain @gmail.com
    • Bank Reconciliation StatementQ.10 The following information is available from the books of Hari (a) Balance as per Pass Book on 30th November overdrawn Rs.10,000 (b) Interest on Investment collected by Bankers on 30 th Nov. Rs.955, entered in Cash Book on 4 th Dec. on receipt of bank intimation . (c) Cheque deposited for collection on 30 th Nov. but returned dishonoured on 6th Dec. of Rs.945 (d) Bankers have made mistake in balancing by showing overdrawn balance in excess by Rs.1,000 on 30 th Nov., which was rectified in the Bank Pass Book on 7th Dec when notified. In the above case, the balance in the Cash Book on 30th Nov is 1. Rs.11,080 (Debit) 2. Rs.11,080 (Credit) 3. Rs.9,100 (Debit) 4. Rs.9,010 (Credit) Correct Answer: 4Q.11 What is Pass Book? 1. Statement of transaction in the Customers Book 2. Statement of transaction in the Bank Book 3. Reconciled Statement of Transaction in the Customers Book 4. Reconciled Statement of Transaction in the Bank Book Correct Answer: 2Q.12 What is the treatment if the starting point is an credit Cash Book balance, when cheque directly deposited in Bank? 1. Add to the Pass Book balance 2. Subtract from the Cash Book balance 3. Add to Cash Book balance 4. Subtract from the Pass Book balance Correct Answer: 2Q.13 What is the treatment if the starting point is a unfavourable Cash Book balance, when there is undercasting of Cr. Side of the Bank Account in the Cash Book ? 1. Add to the Pass Book balance 2. Subtract from the Cash Book balance 3. Add to Cash Book balance 4. Subtract from the Pass Book balance Correct Answer: 3Q.14 What is the treatment if the starting point is a unfavourable Pass Book balance, when there is overcastting of Dr. side of Bank Account in the Cash Book ? 1. Add to the Pass Book balance 2. Subtract from the Cash Book balance 3. Add to Cash Book balance 4. Subtract from the Pass Book balance Correct Answer: 4Q.15 Q. 22 Which of the following cases would not lead a difference in the Cash & Bank Book? 1. Cheque issued but not presented 2. Cheque deposited not cleared 3. Dishonour of bills discounted 4. Discounting charges on Bills of Exchange VX PLAIN 2 score more----post your doubts to us vx plain @gmail.com
    • Bank Reconciliation StatementCorrect Answer: 4 VX PLAIN 2 score more----post your doubts to us vx plain @gmail.com