Bank Reconciliation Statement MCQs

By: Prof. Dr. Fazal Rehman | Last updated: May 21, 2025

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1. : An institution, which purchases and sells money and transacts other financial business of such nature is called:



2. : Functions which are performed by bank for the benefit of general public:



3. : When bank borrows and lends money in various ways, it is called its:



4. : Written order by one Govt. department to particular Govt. treasury to pay a stated sum of money to the person named therein is called:



5. : When bank acts as an agent of their customers and performs great service in that capacity, these are called:



6. : Collection of interest and dividend on behalf of customer by bank is called its:



7. : Providing facility of safe to customers for their precious goods is called:



8. : Which book is issued by bank to customer as a copy of his account in the bank ledger?



9. : Which book is issued by bank to customers for withdrawal of money?



10. : Which book is issued by bank to customer to deposit money in the bank?



11. : From what bank account the customer is allowed to deposit or withdraw money as and when he desires?



12. : An account in which deposits can be made only up to a certain amount and withdrawals are allowed twice or thrice in a week up to a certain amount is called:



13. : Bank account, in which deposits are made for fixed period of time is called:



14. : A bank client can withdraw from his account or make payment to various parties by issue of:



15. : Which document should be filled up when money is deposited in the bank?



16. : A cheque that can be encashed at the counter of the bank is called:



17. : A cheque that cannot be encashed at the counter except is called:



18. : Cheque bearing a date previous to the date on which it is drawn is called:



19. : The cheque bearing a future date is called:



20. : A cheque which is duly met by drawee bank is called:



21. : A cheque which is returned by the bank unpaid is called:



22. : A fixed sum advanced by commercial bank for a definite period of time is called:



23. : When a customer is authorized to borrow an agreed amount in excess of the customer’s bank balance, it is called:



24. : When two parallel lines are drawn on the face of the cheque, it is called:



25. : How many lines are drawn on the face of the cheque, when it is crossed?



26. : In what shape, lines are drawn across the cheque, when it is crossed:



27. : When a saving account is opened with bank, it provides its customers:



28. : Bank borrow money in the form of deposits and lends it in different ways, it is called its:



29. : Mundi is almost like a:



30. : The process of signing on the back of the cheque in order to transfer it to another person is called:



31. : Commercial banks provide the facility of transfer of money through:



32. : The books in which transactions are recorded in detail as they occur from day to day in a classified manner are called:



33. : The cash book is called:



34. : Which column is prepared in single column cash book?



35. : Which columns are prepared in double column cash book?



36. : Which is recorded in three columns cash book?



37. : Cash purchases are recorded in large organization in:



38. : Cash sales are recorded in established firms in:



39. : The balance of the cash column always represents:



40. : Balance of petty cash book always represents:



41. : The petty cash book is used for recording:



42. : Cash discount is provided on:



43. : Contra entry is made in cash book:



44. : In three columns cash book, discount column is:



45. : In three columns cash book, cash and bank columns are:



46. : The book in which small payments like refreshment etc. are recorded is:



47. : Debit balance of cash book is also called:



48. : Credit balance of cash book is also called:



49. : A cheque returned by bank unpaid is recorded on:



50. : If an amount is entered on the debit side and also on the credit side of an account, this transaction represents:



51. : An entry which is not posted to ledger is called:



52. : Unfavourable balance of passbook represents:



53. : Favourable balance of passbook represents:



54. : In cash book, if nature of balance is not mentioned, it represents:



55. : Petty cash book is a branch of:



56. : Petty cash system is arranged in organization to meet the needs of:



57. : Petty cash is always restored to the original amount in:



58. : What would not appear in monthly bank statement?



59. : A cheque or cash is deposited by customer in the bank with the help of:



60. : Disagreement in balances may occur due to mistakes or omission in the:



 

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