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  • Question
  • Bank Reconciliation Statement is prepared by


  • Correct Answer
  • The Accountant typically prepares the Bank Reconciliation Statement using all transactions Bank Reconciliation Statement : Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger 

  • Tags: Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. Expand CAR, in Banking Terminology?

    • Options
    • A. Current Applicable Ratio
    • B. Capital Adequacy Ratio
    • C. Capital Available Request
    • D. Compiled Acquired Ratio
    • Discuss
    • 2. What does drop ship mean in Accounts ?
    • Discuss
    • 3. What is the difference between Consigner and Consignee ?
    • Discuss
    • 4. Which are the main MIS Reports of an accounts department & what the format of preparing the MIS ?
    • Discuss
    • 5. What is another name for a real account in accounting? is it a permanent or a temporary account? Also, what is another name for a nominal account? is it a permanent or a temporary account ?
    • Discuss
    • 6. What does Earned Income Tax Credit (EITC) means ?
    • Discuss
    • 7. What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?

    • Options
    • A. 15 days
    • B. 6 months
    • C. 7 days
    • D. 1 year
    • Discuss
    • 8. RBI controls the commercial banks through

    • Options
    • A. Calling for returns and other information
    • B. Periodic inspection of banks
    • C. Follow up action
    • D. All of the above
    • Discuss
    • 9. NPA in banking terminology implies ______.

    • Options
    • A. Net Performing Assets
    • B. New Performing Assets
    • C. Non-Performing Assets
    • D. New Pension Act
    • Discuss
    • 10. Which Bank has been given scheduled bank status by RBI ?

    • Options
    • A. Disha
    • B. Suryoday
    • C. Janalakshmi
    • D. Ujjivan
    • Discuss


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