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Question
Credit balance as per bank statement is an overdraft.
Options
Yes
No
Solution
Credit balance as per bank statement is an overdraft- No
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RELATED QUESTIONS
Do you agree or disagree with the following statement:
Bank Reconciliation Statement is prepared only during the year end.
Select the most appropriate alternative from those given and rewrite the following statement:
Bank Reconciliation Statement is prepared by _________.
Which of the following is not the salient feature of bank reconciliation statement?
What is bank reconciliation statement?
Give any two expenses which may be paid by the banker as per standing instruction.
The bank reconciliation statement is prepared by the banker.
Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.
Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹20,000.
- A cheque for ₹3,500 was issued and paid by bank, recorded in Pass Book as ₹5,300.
- Cheque deposited ₹9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹100.
- Electricity bill paid by bank ₹6,200 was recorded twice in Pass Book.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
