Bank Reconciliation Statement MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

To test your knowledge of bank reconciliation statements, this multiple choice question (MCQs) quiz contains 28 questions covering key topics.

This quiz is helpful preparation for upcoming exams, job interviews, or work tasks. If you find any questions difficult, see the page on bank reconciliation statements.

Each MCQ has 4 options, and you will need to choose the correct response in each case.

1. The statement that explains the causes of the difference between the cash book and bank statement is called:
2. The bank reconciliation statement is prepared by:
3. The statement used to reconcile the bank balance as per the cash book and bank statement is called:
4. The customer's copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:
5. Bank statements are kept by:
6. Bank statements are prepared by:
7. Bank reconciliation statements are:
8. A copy of the customer's account in the bank\'s ledger is called:
9. Bank statements are prepared in the books of the:
10. Checks issued but not presented in the bank are called:
11. The bank reconciliation statement is prepared by the banker.
12. A debit balance in the pass book is an unfavorable balance.
13. A credit balance in the cash book is a favorable balance.
14. The bank balance, as per the bank statement, is shown in the balance sheet at the end of the year.
15. A bank reconciliation statement is prepared only at the end of the accounting year.
16. Only those items are recorded in the bank reconciliation statement that lead to a difference in the balance of the cash and pass books.
17. A bank conciliation statement can be started with a cash book balance only.
18. Two search causes of difference, debit side of cash book (bank column) is compared with the credit column of bank statement (and vice versa).
19. Items that are not ticked on the credit side of a cash book are "uncredited cheques.\"
20. Cash book and bank statement show _______ balance.
21. When bank balance increases, it is debited in _______ and credited in ________.
22. Any decrease in the bank balance is recorded on the ______ side of the cash book and in the _______ column of the pass book.
23. _________ balance of cash book and ________ balance of pass book is known as a favorable balance.
24. Withdrawals are recorded in the ______ column of the pass book.
25. A bank reconciliation statement provides a mechanism of _________ over cash.
26. The total amount of unpresented cheques is _________ in a bank reconciliation statement.
27. All amounts credited by the bank but not recorded in the cash book are _________ in the bank reconciliation statement.
28. The amount of any items due to which cash book shows more balance than the pass book balance, are _______ in the bank reconciliation statement (and vice versa).

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About the Author

True Tamplin, BSc, CEPF®

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True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.

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