Traditionally, what is the copy of a customer’s account kept by the bank and given to the customer called?
Correct answer C. Pass book
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Bank reconciliation statement MCQs
Bank reconciliation statement MCQs test how you match a business's cash book with the bank statement and explain the differences, such as unpresented cheques, uncredited deposits and dishonoured cheques. They help commerce students, accounting job applicants and banking test candidates. Every question shows its correct answer instantly, so you can check each adjustment.
The bank statement shows a credit balance of Rs 45,000. Bank charges of Rs 500 have not been entered in the cash book. Ignoring other items, what is the cash book balance?
Correct answer B. Rs 45,500
The cash book shows a debit balance of Rs 20,000. Interest of Rs 1,200 credited by the bank has not been recorded in the cash book. Ignoring other items, what is the bank statement balance?
Correct answer B. Rs 21,200
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The cash book shows an overdraft of Rs 10,000. Cheques of Rs 3,000 issued have not been presented for payment. Ignoring other items, what is the overdraft as per the bank statement?
Correct answer D. Rs 7,000
The cash book shows an overdraft of Rs 15,000. Cheques of Rs 2,000 paid into the bank have not yet been credited. Ignoring other items, what is the overdraft as per the bank statement?
Correct answer A. Rs 17,000
Which of the following makes the bank statement balance lower than the cash book balance?
Correct answer B. Bank charges not yet recorded in the cash book
A customer’s cheque deposited by the business has been dishonoured, and only the bank has recorded this. How should the cash book be corrected?
Correct answer D. Credit the bank column of the cash book
A customer paid Rs 4,000 directly into the business’s bank account, but this is not recorded in the cash book. How should the cash book be adjusted?
Correct answer C. Debit the bank column with Rs 4,000
What is the main purpose of preparing a bank reconciliation statement?
Correct answer C. To explain the differences between the cash book and bank statement balances
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The cash book shows a debit balance of Rs 80,000. Unpresented cheques are Rs 12,000, deposits not yet credited are Rs 9,000 and unrecorded bank charges are Rs 400. What is the balance as per the bank statement?
Correct answer A. Rs 82,600
The bank statement shows a credit balance of Rs 60,000. Deposits not yet credited are Rs 5,000 and unpresented cheques are Rs 7,500. Ignoring other items, what is the cash book balance?
Correct answer D. Rs 57,500
A cheque issued for Rs 2,500 was entered in the bank column of the cash book as Rs 5,200. What adjustment is needed to the cash book?
Correct answer D. Increase the bank balance by Rs 2,700
Which item is NOT adjusted in the cash book but is shown only in the bank reconciliation statement?
Correct answer C. Cheques issued but not yet presented
The cash book shows a debit bank balance of Rs 30,000. Cheques of Rs 6,000 deposited have not yet been credited by the bank. Ignoring other items, what is the balance as per the bank statement?
Correct answer A. Rs 24,000
The cash book shows a debit bank balance of Rs 50,000. Cheques of Rs 8,000 issued to suppliers have not yet been presented. Ignoring other items, what is the balance as per the bank statement?
Correct answer D. Rs 58,000
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How does a cash deposit made by a business appear on its bank statement?
Correct answer D. Credit
What does it mean when a bank returns a cheque marked ‘NSF’?
Correct answer C. There are not sufficient funds in your account
Who prepares a bank reconciliation statement?
Correct answer C. Accountant of the business
Bank charges of $5,000 were not entered in the cash book. What adjustment should be made in the cash book?
Correct answer B. Bank charges will be credited in cash book
What does a favourable balance in the cash book mean?
Correct answer D. Debit balance of cash book
About Bank reconciliation statement MCQs
A bank reconciliation statement explains why the cash book balance and the bank statement balance differ on a given date. Questions on this page cover cheques issued but not yet presented, also called outstanding or unpresented cheques, and cheques deposited but not yet credited, known as uncredited or deposits in transit. You will also find items on NSF cheques returned for insufficient funds, how a deposit appears as a credit balance on the bank statement, and correcting errors such as a deposit entered twice in the cash book. These are routine questions in accounting and banking tests.
Exams that include Bank reconciliation statement MCQs
Pakistan
- Banking job tests
- PPSC
- FPSC
- NTS
India
- IBPS Clerk
- IBPS PO
- SSC CGL
Bangladesh
- Bank job exams
- Bangladesh Bank recruitment
- BCS
Frequently asked questions
Why is a bank reconciliation statement prepared?
It is prepared to explain the difference between the cash book balance and the bank statement balance, and to detect errors or fraud. Differences usually arise from timing, such as unpresented cheques and uncredited deposits, or from items the business has not yet recorded, such as bank charges and interest.
What does an NSF cheque mean?
NSF stands for not sufficient funds. An NSF cheque is one the bank has returned because the drawer's account did not have enough money to pay it. The business must reduce its cash book balance and restore the amount as owed by the customer.
Last reviewed October 2026