11th Accountancy - Book Back Answers - Unit 8 - English Medium Guides

 

 

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Tamil Nadu Board 11th Standard Accountancy - Unit 8 : Book Back Answers and Solutions

    This post covers the book back answers and solutions for Unit 8 – Accountancy from the Tamil Nadu State Board 11th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Accountancy Unit 8 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Unit 8: Bank Reconciliation Statement

I. Multiple Choice Questions.

1. A bank reconciliation statement is prepared by
(a) Bank
(b) Business
(c) Debtor to the business
(d) Creditor to the business
Answer Key:
(b) Business

2. A bank reconciliation statement is prepared with the help of
(a) Bank statement
(b) Cash book
(c) Bank statement and bank column of the cash book
(d) Petty cash book
Answer Key:
(c) Bank statement and bank column of the cash book

3. Debit balance in the bank column of the cash book means
(a) Credit balance as per bank statement
(b) Debit balance as per bank statement
(c) Overdraft as per cash book
(d) None of the above
Answer Key:
(a) Credit balance as per bank statement

4. A bank statement is a copy of
(a) Cash column of the cash book
(b) Bank column of the cash book
(c) A customer's account in the bank's book
(d) Cheques issued by the business
Answer Key:
(c) A customer's account in the bank's book

5. A bank reconciliation statement is prepared to know the causes for the difference between:
(a) The balance as per the cash column of the cash book and bank column of the cash book
(b) The balance as per the cash column of the cash book and bank statement
(c) The balance as per the bank column of the cash book and the bank statement
(d) The balance as per petty cash book and the cash book
Answer Key:
(c) The balance as per the bank column of the cash book and the bank statement

6. When money is withdrawn from bank, the bank
(a) Credits customer's account
(b) Debits customer's account
(c) Debits and credits customer's account
(d) None of these
Answer Key:
(b) Debits customer's account

7. Which of the following is not the salient feature of bank reconciliation statement?
a) Any undue delay in the clearance of cheques will be shown up by the reconciliation
b) Reconciliation statement will discourage the accountant of the bank from embezzlement
c) It helps in finding the actual position of the bank balance
d) Reconciliation statement is prepared only at the end of the accounting period
Answer Key:
d) Reconciliation statement is prepared only at the end of the accounting period


8. Balance as per cash book is ₹2, 000. Bank charge of 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?
(a) ₹1,950 credit balance
(b) 1,950 debit balance
(c) ₹2,050 debit balance
(d) ₹2,050 credit balance
Answer Key:
(a) ₹1,950 credit balance

9. Balance as per bank statement is ₹1, 000. Cheque deposited, but not yet credited by the bank is ₹ 2, 000. What is the balance as per bank column of the cash book?
(a) ₹3,000 overdraft
(b) ₹ 3,000 favourable
(c) ₹ 1,000 overdraft
(d) ₹ 1,000 favourable
Answer Key:
(b) ₹ 3,000 favourable

10. Which one of the following is not a timing difference?
(a) Cheque deposited but not yet credited
(b) Cheque issued but not yet presented for payment
(c) Amount directly paid into the bank
(d) Wrong debit in the cash book
Answer Key:
(d) Wrong debit in the cash book

II. Very Short Answer Questions.

a

III. Short Answer Questions.

a

IV. Answer the following questions in about a page.

a