Bank Reconciliation Statement Class 11 MCQ: Check the below NCERT MCQ Questions for Accountancy Bank Reconciliation Statement Class 11 MCQ with Answers Pdf free download. Bank Reconciliation Statement Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Bank Reconciliation Statement Class 11 Questions with Answers to help students understand the concept very well.

Bank Reconciliation Statement Class 11 MCQ

1. ‘NSF’ marked in the cheque sent back by the bank indicates _______.
(a) Cheque has been forged
(b) A bank couldn’t verify the identity
(c) No sufficient money
(d) A cheque cannot be cashed because it’s illegal

2. Bank reconciliation statement compares a bank statement with _________.
(a) Cash payment journal
(b) Cash receipt journal
(c) Financial statements
(d) Cash book

3. What is the main purpose of preparing a bank reconciliation statement?
(a) To know the bank balance
(b) To know the balance of bank statement
(c) To correct the cash book
(d) To identify causes of difference between cash book and bank statement

4. A bank reconciliation statement is ______.
(a) A part of cash book
(b) A part of pass book
(c) A statement prepared by the bank
(d) A statement prepared by a customer

5. A bank reconciliation statement is prepared with the balance of ______.
(a) Cash book
(b) Pass book
(c) Either cash book or pass book
(d) Neither cash book nor pass book

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By Team Learning Mantras