1301. Bank statement is the statement of account of the customer maintained by the :

A. Customer
B. Accountant of the business
C. Bank *
D. Statutory auditor

1302. The debit balance of the bank account in the books of teh business should be equal to the credit balance of the account of the business in the books of the :

A. Business
B. Bank *
C. Registrar
D. Notary -Public

1303. When bank statement shows a credit balance it means :

A. Favourable balance *
B. Unfavourable balance
C. Over draft
D. None of the above

1304. When bank column of a cash book shows a debit balance it means :

A. Overdraft as per bank
B. Unfavourable balance as per cash book
C. Favourable balance as per cash book *
D. Favourable balance as per pass book

1305. When bank statement shows a debit total balance, it means :

A. Overdraft as per cash book
B. Unfavourable balance as per cash book
C. Favourable balance as per cash book
D. Overdraft as per bank statement *

1306. Bank reconciliation statement is :

A. A memorandum statement *
B. A ledger account
C. A pan of the cash book
D. A part of the journal

1307. In adjusting the cash balance one of the following is not taken into account.

A. Mistakes in the cash book
B. Mistakes in the bank statement *
C. Interest and dividends credited in the bank statement
D. None of the above

1308. Unfavourable bank balance means :

A. Cash book credit balance *
B. Credit balance in the bank statement
C. Debit balance in the cash book
D. The cash book’s credit and debit balances

1309. The payment side of the cash book is under cash by 200 $ , When overdraft as per bank statement is the starting point :

A. 200 $ will be deducted *
B. 200 $ will be added
C. 400 $ will be added
D. 400 $ will be deducted

1310. An amount of 1000 $ is debited twice in the bank statement: when overdraft as per the cash book is the starting point:

A. 1000 $ will be deducted
B. 1000 $ will be added
C. 2000 $ will be deducted
D. 2000 $ will be added