Name:______________________________________
Topical Test: Bank Reconciliation Statement
Section A: Multiple Choice Question
1. On 31 July, Jay’s bank statement shows a balance at bank of $2500, but
the cash book shows a balance at bank of $1750.
A cheque for $750 issued by Jay does not appear on the bank statement.
Which bank balance figure will appear in Jay’s balance sheet on 31 July?
A. $1000
B. $1750
C. $2500
D. $3250
2. A trader draws up a bank reconciliation statement and starts with the
debit balance shown in his cash book.
How are unpresented cheques and uncredited cheques shown in the
bank reconciliation statement?
A
B
C
D
Unpresented Cheques
Added
Deducted
Added
Deducted
Uncredited Cheques
Deducted
Added
added
Deducted
3. The bank statement of X shows a balance of $3500 and the cash book
shows a balance of $4200.
The difference is due to a receipt of $1000 in the cash book but not on
the bank statement and unpresented cheque.
What is the amount of unpresented cheque?
A. $300
B. $700
C. $1700
D. $2500
4. The bank statement of a business shows a bank overdraft of $1640 on
30 September 2007.
At that date there were uncredited cheque of $380 and unpresented
cheque of $460.
What is the cash book balance at 30 September 2007?
A. $1560
Credit
B. $1560 Debit
C. $1720
Credit
D. $1720
Debit
5. A business received its bank statement showing the closing balance as
$8500 overdrawn. It was found that unpresented cheques amounted
$2000 and uncredited cheque to $1500.
What was the overdraft shown in the cash book?
A. $5000
B. $8000
C. $9000
D. $12 000
6. What are the differences between Unpresented and Uncredited
Cheque? (4 Marks)
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7. On 1 May 2018 the balance in the bank column of Nuri’s cash book was $350 debit.
Nuri received a bank statement dated 1 May 2018 which showed a balance of $400
credit. Nuri compared her cash book with the bank statement and found the
following differences.
1 Entries recorded in the cash book but not in the bank statement
April 20
23
28
29
Cheque number 270 paid to Jegan, $570
Cheque number 873 received and banked from Sofia, $245
Cheque number 272, drawings taken by Nuri, $150
Cash sales banked, $300
2 Entries recorded in the bank statement but not in the cash book
Date
Details
Debit
Credit
$
$
April 22
Christan – Cheque (refer to drawer)
120
25
Dividend received
26
West Gas – Credit Transfer (DD)
80
30
Bank Charges
75
150
REQUIRED:
a) Update the bank columns in Nuri’s cash book. Bring down the
balance on 1 May 2018
2018
May 1
Cash Book (Bank Column Only)
$
2018
$
b) Prepare a bank reconciliation statement at 30 April 2018. Start with the balance
from the bank statement of $400 credit.