Important Questions on BRS
1) The periodical statement sent by the Bank to Customer is called
a) Ledger Statement b) Bank Statement
c) Cash Book Balance d) Trail Balance
2) Debit balance as per the pass book balance means
a) Favorable balance as per Pass Book
b) Unfavorable balance as per Pass Book
c) Positive balance as per Pass Book
d) Balance as per Cash Book
3) Cheque issued by the Account holder to the supplier, not yet presented in the bank
will result in
a) Higher balance as per cash book
b) Lower balance as per cash book
c) Equal balance in cash book & pass book
d) Lower balance as per pass book
4) If a Cheque is deposited in the Bank, not yet collected by the bank, the pass book will show _______ balance as compared to the cash book
a) Lower b) Higher
c) Equal d) Any of these
5) The Debit balance as per Cash book means
a) Favorable balance as per cash book
b) Unfavorable balance as per cash book
c) Negative balance as per cash book
d) Balance as per Pass book
6) When Bank has Debited Interest, It results in ________ in Bank Overdraft
a) No Change b) A Decrease
c) An Increase d) Any of these
7) Dividend collected by the Bank on behalf of the customer will ______ the Bank Overdraft
a) Increase b) Decrease
c) Make no Difference d) None of these
8) An Issue of a cheque of Rs.5500/- to an outsider, put on the Debit side of the Cash book will
a) Increase Cash book balance by Rs.5500/-
b) Decrease Cash book balance by Rs.5500/-
c) Decrease Cash book balance by Rs.11000/-
d) Increase Cash book balance by Rs.5500/-
9) The BRS is a
a) Compulsory Requirement
b) Statutory Requirement
c) Voluntary Requirement
d) All of these
10) A wrong Credit given by the banker to the customer will result in ________ Balance in the Cash Book as compared to the Pass Book
a) Lower b) Higher
c) Equal d) Any of these
11) When the Balance as per cash book & pass book is the same, it means that
a) There is definitely no Error in the TWO books
b) There is ERROR in the Cash book
c) There is NO ERROR in the Pass book
d) There may Still be some Error in the TWO books
12) Which of the following is True about BRS
a) It is a Part of Financial Statements
b) It is prepared by the Bank
c) It is prepared by the Account Holder ( Business )
d) It is Never required at all.
13) A BRS helps to locate the difference between
a) Cash book’s Cash balance & Bank Balance
b) Cash book’s Bank balance & Pass Book Balance
c) Pass Book Balance & Bank Statement
d) All of these
14) If a cheque Issued to a supplier is not Presented for payment to the bank but wrongly shown in the Cash Column of the Cash book, the
a) Pass book balance will be higher than the Cash book balance
b) Cash book balance will be higher than the Pass book balance
c) There would be no difference in the two books
d) None of the above
15) If the Interest Credited in the Pass Book by a Bank on 31/03/__ is Debited in the Cash Book on 01/04/__, then
a) Pass book balance would be higher than the Cash Book balance
b) Cash book balance would be higher than the Pass Book balance
c) There would be no Difference in the TWO books
d) None of these
16) If the Cheque received by the customer has not been paid to the bank but duly entered in the Cash book, then
a) Pass book balance would be higher than the Cash book Balance
b) Cash book balance would be higher than the Pass book Balance
c) No difference
d) none of these
17) The Balance Due to the Customer from Bank means
a) Positive balance b) Overdraft
c) Any of these d) none of these
18) The entries recorded in the cash book are made by
a) Bank b) Business
c) Government d) Suppliers
19) Which of the Following errors should be corrected in the Adjusted Cash Book
a) Entry Posted twice in the Cash book
b) Cheques Deposited but not Credited by the Bank
c) Cheques issued but not presented for Payment
d) Wrong Credit given by the bank
20) Bank Charges adjusted Twice in the Cash Book make Overdraft as per Cash book
a) Increase b) Decrease
c) Equal d) Any of these
21) Overdraft as per Cash book on 31/03/09 was Rs.20000/-, it was found that Bank
Charges of Rs.500/- recorded in the Pass book were not adjusted in the Cash book,
While other charges of Rs.800/- were recorded twice in the Cash book, In addition a
Cheque of Rs.1000/- discounted with Bank for Rs.980/- was recorded without
adjusting the discount, the Pass book Overdraft balance would be
a) 20320 b) 20280
c) 18720 d) 19720
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