Study Material

Bank Reconciliation Statement

Accountancy

Inter First Year

English

Short Answer Questions

Q1. What do you mean Bank Reconciliation Statement?

Q2. What is a Bank Pass Book?

Q3. What do you mean by Favorable Balance?

Q4. What do you mean by Unfavorable Balance?

Q5. What do you understand by Overdraft?

Long Answer Questions

Q1. Explain the nature and importance of the Bank Reconciliation Statement

Q2. Describe the causes of disagreement between the balance shown in the Cash Book and Pass Book

Q3. Explain the procedure of preparing the Bank Reconciliation Statement by taking imaginary items and figures

Q4. List out any five items having the effect of higher balance in the Cash Book