Bank Reconciliation Statement is the Fourth Unit (Unit 4) under Module A: Accounting Principles and Processes of Paper – III (Accounting & Financial Management for Bankers)
If you are appearing for the Upcoming JAIIB Exams, it is important to understand the fundamental concepts of the Topics and clear your doubts. We have prepare and collected some fundamental questions and answers in the form of MCQ Questions and Answers arranged into multiple Quizzes having 10 Questions in each Quiz. It can help you to understand the topics. A solid fundamental understanding will build your confidence and encourage you to think critically and enables you to answer the JAIIB Questions correctly in the Exam and increase your chances to pass the exam with flying colors. It is advisable to practice these Questions and Answers on regular basis to raise your confidence Level.
Practice MCQ Question and Answer – Bank Reconciliation Statement
Quiz 1
1. What is the primary function of a cash book ?
….
Answer is (c)
Documenting cash transactions
2. How is a cheque deposited for collection recorded in the passbook ?
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Answer is (b)
Date on which the amount is actually collected from the debtor’s bank
3. In the passbook, what does a credit balance represent ?
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Answer is (b)
Cash at bank
4. How are withdrawals recorded in the passbook ?
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Answer is (a)
Debit side
5. What is the primary purpose of the passbook ?
….
Answer is (c)
Documenting bank transactions
6. How are cheque deposits recorded in the cash book ?
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Answer is (a)
Date of deposit
7. What does a debit balance in the cash book indicate ?
….
Answer is (a)
Cash at bank
8. Which of the following is a discretionary preparation ?
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Answer is (a)
Cash Book
9. In the cash book, how are payments typically recorded ?
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Answer is (d)
Credit side
10. What does a credit balance in the cash book indicate ?
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Answer is (c)
Overdraft
Quiz Numbers
Read More: MCQ Type Questions and Answers from Paper – III (Accounting & Financial Management for Bankers)
Module A: Accounting Principles and Processes
- Definition, Scope and Accounting Standards including Ind AS
- Basic Accountancy Procedures
- Maintenance of Cash/Subsidiary Books and Ledger
- Bank Reconciliation Statement
- Trial Balance, Rectification of Errors and Adjusting & Closing Entries
- Depreciation and its Accounting
- Capital and Revenue Expenditure
- Bills of Exchange
- Operational Aspects of Accounting Entries
- Back Office Functions/Handling Unreconciled Entries in Banks
- Bank Audit & Inspection
Module B – Financial Statements and Core Banking Systems
- Balance Sheet Equation
- Preparation of Final Accounts
- Company Accounts – I
- Company Accounts – II
- Cash Flow & Funds Flow
- Final Accounts of Banking Companies
- Core Banking Systems & Accounting in Computerised Environment
Module C – Financial Management
- Financial Management – An Overview
- Ratio Analysis
- Financial Mathematics – Calculation of Interest & Annuities
- Financial Mathematics – Calculation of YTM
- Financial Mathematics – Forex Arithmetic
- Capital Structure and Cost of Capital
- Capital Investment Decisions/Term Loans
- Equipment Leasing/Lease Financing
- Working Capital Management
- Derivatives
Module D – Taxation and Fundamentals of Costing
- Taxation: Income Tax/TDS/Deferred Tax
- Goods & Services Tax
- An Overview of Cost & Management Accounting
- Costing Methods
- Standard Costing
- Marginal Costing
- Budgets and Budgetary Control