Cheques Deposited but Not Collected

Q.

When cheques received from a customer are deposited into the bank for collection, which of the following is correct?

1. An entry is made on the debit side of the cash book in the bank column

2. An entry is made on the credit side of the cash book in the bank column

3. None of the above

4. Cannot be determined

Q.

What is a contra entry? How can you deal with this entry while preparing a double column cash book?

Q.

State the procedure for creating ledger in MS Access.

Q.

What is meant by Pay -In - Slip?

Q.

Farkhanda Jabeen Ltd. receives a cheque 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 Rs. 100. How is this shown on the bank reconciliation statement if starting point is pass book?

1. As an uncredited deposits added to the bank statement balance

2. As an Unpresented cheque added to the bank statement balance

3. As an Unpresented cheque deducted from the bank statement balance

4. As an uncredited deposits deducted from the bank statement balance

Q.

A cheque of Rs 9, 000 was deposited into the bank on 20th December but was credited into the pass book on 2nd January next year. What will be the adjustment on 31st December in cash book?

1. Rs 9, 000 shall be added

2. Rs 18, 000 shall be added

3. Rs 4, 500 shall be added

4. Rs 9, 000 shall be deducted

Q.

Bank balance as per cash Book is Rs 12, 000 taking into account cheques worth Rs 20, 000 deposited into the bank. Of the cheques deposited, one cheque of Rs 5, 000 was yet to be cleared & another cheque of Rs 4, 000 was dishonoured. The balance as per pass book shall be:

1. Rs 9, 000

2. Rs 20, 000

3. Rs 3, 000

4. Rs 15, 000

Q.

Cheque paid into bank were of Rs 25, 000 but the cheque of Rs 10, 000 were cleared & credited in our account by bankers which was evident from the bank statement received on the last day of the month. If closing balance as per cash book is Rs 50, 000, what will be the balance after the above situation?

1. Rs 65, 000

2. Rs 35, 000

3. Rs 50, 000

4. Rs 15, 000

Q.

Describe the series of SQL statements to produce trial balance data base design for Model-II is used.

Q.

A cheque of Rs 10, 000 was deposited in the bank but due to updation in the software, this cheque could not be cleared by bank till the last day of the month. Will the balance as per bank`s pass book & cash book tally?

1. Sometimes

2. Yes

3. No

4. None

Q.

From the following particulars, find balance as per pass book as at March 31, 2018.
(i) Credit balance as per cash book Rs 4, 700
(ii) Cheque issued but not presented for payment Rs 1, 200
(iii) Cheque deposited but not collected Rs 2, 400
(iv) Bank charges of Rs 150

1. Rs 7, 050 debit balance

2. Rs 7, 050 credit balance

3. Rs 6, 050 debit balance

4. Rs 6, 050 credit balance

Q.

From the following particulars, find balance as per pass book as at March 31, 2018.
(i) Balance as per cash book Rs 3, 700
(ii) Cheque issued but not presented for payment Rs 1, 800
(iii) Cheque deposited but not collected Rs 2, 000
(iv) Interest credited by bank Rs 150

1. Rs 4, 750

2. Rs 3, 750

3. Rs 2, 800

4. Rs 3, 650

Q.

What are Prepaid expenses?

Q.

Describe and discuss the procedure of creating the receipts side of a cash book.

Q. Find out the error in the following sentence, if any. If there is no error, your answer is 'E'.
He put his sign (A) at the foot of the (B) letter and posted it (C) without delay (D) No Error (E).

1. A
2. C
3. D
4. B
5. E

Q.

Write the opposite for the given statement: " Depositing $500Rs$in a bank "

Q. On receipt of Rs 975 from Shyam in full settlement of his account for Rs 1000. Shyam's account should be credited with _________.

1. Rs 1000
2. Rs 975
3. Rs 25
4. None of these

Q.

Explain the data base design for Model-I for producing the receipts the series of SQL statements for producing the payment side of cash book for Model-II.

Q. Find out the error in the following sentence, if any. If there is no error, mark your answer as 'E.
Not only we lost (A) what we had in our disposal, (B) but we also (C) lost our patience. (D) No Error. (E)

1. A
2. B
3. C
4. D
5. E

Q. Explain the data base design for Model - I producing the receipts the series of SQL statements for producing the payment side of cash book for Model - II.

Q.

meaning of contra entry

Q. Using Model-III discuss the series of SQL statements to produce a trial balance up to a particular date.

Q. An application suitable for sequential processing is

1. Processing of grades
2. Both a and b
3. Payroll processing
4. All of above

Q.

Describe the series of SQL statements to produce trial balance date base design for Model-II is used.

Q. Write short note on the following.

Importance of a pay-in-slip

Q. When cheques received from a customer are deposited into the bank, an entry is made on the debit side of cash book in the bank column.

1. True
2. False

Q. Give one word or term or phrase which can substitute each of the following statement.
Document used by the account holder to deposit cash and cheque into the bank.

Q. Answer in one sentence only :

What do you mean by crossed cheque?

Q.

Explain the data base design for Model-I for producing the receipts the series of SQL statements for producing the payment side of cash book for Model-II.

Q. The cheques deposited got dishonoured shall be deducted from the balance as per cash book to reconcile with the balance as per pass book.

1. False
2. True