CLASS XII MCQ TEST

CLASS 12 ACCOUNTANCY

Accountancy
Chapter 1 Accounting for Partnership Firms
1.1: Features of Partnership
1.2: Partnership Deed

CLASS 11 ACCOUNTANCY

Accountancy
Chapter 12 Bank Reconciliation Statement
MCQ TEST-1

FAQs (Frequently Asked Questions)

1.What is the full form of CBSE?
CBSE stands for Central Board of Secondary Education. CBSE is a national level board in India for private and public schools. It is one of the largest board and is managed by Union Government of India. There are almost 20,299 school in India and 220 schools in foreign counties affiliated to CBSE.
 
2.NCERT Books and CBSE Sample papers are sufficient to score good marks?

The questions paper is designed based on the syllabus prescribed by the board. Most of the questions are asked from the NCERT textbook. So, students must thoroughly solve the NCERT book, CBSE sample paper and previous year question papers to get the better result. Along with this they also go through the sample paper blueprint and marking scheme.

3.Can a student use a calculator during exams?

No, the use of calculator is not allowed in exams.

4.What is the procedure for correction in Date of Birth?

The correction in date of birth can be done by the board only within one year of the date of declaration of class 10 result. After one year no correction can be made.

5.What is the passing criteria in CBSE?

Students have to obtain at least 33% marks (separately in theory & practical) in five subjects to be declared pass.

6.Can a student be detained from appearing in Board examination?

As per Rule 15 of the Examination Bye-Laws, a student cannot be detained by the head of affiliated school from appearing in the exam. It can happen only in one case when the attendance of the student is less.

7.What is the criteria for compartment?

A student who fails in one subject out of 5 subjects is eligible to give compartment exam.

8.Can a student who scores less than 60% in class 10 get admission in class 11 with PCM subjects?

Schools have their own admission rules for the allocation of stream in class 11. CBSE has no interference in such matter. So, if a student want to get into science stream then he/she has to score good marks in class 10.

9.Does CBSE award merit Certificate in class 12?

Yes, the CBSE awards Merit Certificates in each subject to the top 0.1% of students passing that subject, provided they have passed the examination as per the pass criteria of the Board.

CBSE CLASS 12 STUDY MATERIALS

Revision Notes for Class 12

Important Questions for Class 12

CBSE Previous Year Question Paper for Class 12

CBSE Sample Paper for Class 12 

NCERT Exemplar Question for Class 12

Class 12 Maths Formula

CBSE Syllabus for Class 12

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1. Passbook is a copy of:

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2. Bank Reconciliation Statement is prepared:

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3. Unfavourable bank balance means

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4. Customer’s copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:

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5. VRC Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?

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6. A Bank Reconciliation Statement is:

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7. Find out the Bank Balance as per Cash Book from the following particulars :
(i) Overdraft as per Pass Book = Rs. 5,000.
(ii) Cheques deposited into the bank but not credited = Rs.2,000

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8. Overdraft as per Cash Book is Rs. 10,000. Cheques deposited but not credited Rs.2,500. Cheques issued but not encashed Rs.3,500. What is the balance as per Pass Book?

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9. Cash book balance was Rs. 1,790 (Dr.). When compared with the bank statement, it was identified that unpresented cheques were Rs. 1,040 and deposits not credited were Rs. 820. Balance of the bank statement will

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10. Current account shows Rs. 1,000 as overdrawn. When bank statement is received, it was identified that one of debtors has deposited Rs. 400 into the account and bank charges of Rs. 20 had been debited to the account. Bank Statement balance is

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11. A business receives its bank statement showing the closing balance as Rs. 8,500 overdrawn. It is found that there were unpresented cheques amounting to Rs. 2,000 and uncredited deposits amounted to Rs. 1,500. Overdraft as per Cash Book is:

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12. Unfavourable bank balances means:

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13. Uncollected checks are also known as?

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14. A bank reconciliation statement is mainly prepared for:

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15. Bank statement also called?

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16. Pass Book of the account holder is a copy of

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17. Payment done by the account holder through issuing a cheque is entered in

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18. ‘NSF’ marked in cheque sent back by the bank indicates

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19. The cheque which is issued to creditor but is not presented for payment is called?

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20. Following details are related to a firm’s banking transactions at 31st March, 2019. Balance as per bank statement Rs. 22,650; uncleared lodgements Rs. 3,110; unpresented cheques Rs. 6,290. Bank credit recorded twice by bank in error as Rs. 650.
Which balance for cash at bank should appear in the Balance Sheet as at 31st March, 2019?

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21. A bank reconciliation statement is prepared by

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22. When check is not paid by the bank, it is called?

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23. If balance in the bank statement shows Rs. 3,000 (Dr.) and there are deposits of Rs. 800 not yet credited and unpresented cheques totalling Rs. 500, the balance in the Cash Book should be:

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24. Ravi’s bank reconciliation statement shows cheques deposited but not credited by bank of Rs. 3,800 and cheques issued but not presented by suppliers of Rs. 3,500. His bank balance as per Cash Book is Rs. 25,000. Balance as per pass book statement is

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25. Bank charges Rs.5,000 debited twice in pass book. What should be done in BRS if overdraft as per cash book is starting point?

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26. The balance on the debit side of the bank column of cash book indicates?

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