A pass book is a copy of
  • A customer’s account in the bank’s books
  • Cash book relating to bank column
  • Cash book relating to cash column
  • Firm’s receipts and payments
A bank reconciliation statement is prepared with the balance of:
  • Cash book
  • Pass book
  • Either cash book or pass book
  • Neither cash book nor pass book
Unfavourable bank balances means:
  • Credit balance in the cash book
  • debit balance in the pass book
  • Debit balance in the cash book
  • Favourable balance in the cash book
In cash book, the favourable balance indicates
  • Credit Balance
  • Debit Balance
  • Bank Overdraft
  • Adjusted Balance
On the bank statement, cash deposited by the company is known as
  • Credit
  • Debit
  • Liability
  • Expenses
Bank reconciliation statement compares a bank statement with _________
  • Cash payment journal
  • Cash receipt journal
  • Financial statements
  • Cashbook
What is “Deposit in transit” in bank reconciliation?
  • Added to Bank Balance
  • Subtracted From Bank Balance
  • Subtracted From the Cash Book Balance
  • Added to Cashbook Balance
‘NSF’ marked in cheque sent back by the bank indicates
  • Cheque has been forged
  • A bank couldn’t verify the identity
  • No sufficient money
  • A cheque cannot be cashed because it’s illegal
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