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. The main purpose of preparing a bank reconciliation statement is _____.
(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

2. The balance on the debit side of the bank column of the cash book indicates ______.
(a) The total amount has drawn from the bank
(b) Cash at bank
(c) The total amount overdraft in the bank
(d) None of the above

3. A bank reconciliation statement is prepared by _____.
(a) Banker
(b) Accountant of the business
(c) Auditors
(d) Registrar

4. Bank reconciliation statement is ______.
(a) Part of bank statement
(b) Part of the cash book
(c) A separate statement
(d) A subdivision of journal

5. Favorable balance means _______.
(a) Credit balance in the cash book
(b) Credit balance in the bank statement
(c) Debit balance in the cash book
(d) both b and c

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By Team Learning Mantras