Cheques Issued but Not Presented

Q.

Uncollected cheques are also referred to as ___ .

1. Bounced Cheques

2. Outstanding Cheques

3. Uncredited Cheques

4. Unpresented Cheques

Q.

Balance as per Cash Book is Rs 5, 000. Cheques issued but not presented for payment Rs 2, 000 and cheques sent for collection but not collected Rs 1, 500. The bank had wrongly debited the account of firm by Rs 20. Balance as per pass book will be:

1. Rs 5, 580

2. Rs 5, 480

3. Rs 4, 520

4. Rs 5, 520

Q.

_____ cheques are issued by the business but not yet presented to bank.

1. Unpresented Cheques

2. Uncredited Cheques

3. Either A or B

4. Dishonored Cheques

Q.

Does debit always mean increase and credit always mean decrease?

Q.

Balance shown by Cash Book: Rs 10, 000
Cheques issued but not presented for payment: Rs 4, 000
Cheques deposited but not yet collected: Rs 3, 000

Balance as per pass book shall be?

1. None

2. Rs 9, 000

3. Rs 10, 000

4. Rs 11, 000

Q.

Raghav & Co have two bank accounts, Account No I and Account No II. From the following particulars relating to Account No I, find out the balance on that account of December 31, 2010 according to the cash book of the firm.

(i) Cheques paid into bank prior to December 31, 2010. but not credited for Rs. 10, 000.

(ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after that date for Rs. 8, 000.

(iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7, 429.

(iv) Bank charges debited by bank not entered in the cash book for Rs. 200.

(v) Interest debited by the bank not entered in the cash book, Rs. 580.

(vi) Overdraft as per pass book, Rs. 18, 990.

Q.

Cheques issued to the supplier but not presented to bank is referred to as:

1. Unpresented cheques

2. Uncollected cheques

3. Cheques deposited but not collected

4. Both A & C

Q.

The cheque which is issued by us, but payment has not been deducted from our bank account at the end of a particular year is called?

1. Uncredited Cheques

2. Unpresented Cheques

3. Omitted Cheques

4. Dishonoured Cheques

Q.

Analyse the effect of each transaction and prove that the accounting equation (A = L + C) always remains balanced.
(i) Introduced Rs. 4, 00, 000 as cash and Rs. 25, 000 by stock.
(ii) Purchased plant for Rs. 1, 50, 000 by paying Rs. 7, 500 in cash and balance at a later date.
(iii) Deposited Rs. 3, 00, 000 into the bank.
(iv) Purchased office furniture for Rs. 50, 000 and made payment by cheque.
(v) Purchased goods worth Rs. 40, 000 for cash and for Rs. 17, 500 on credit.
(vi) Goods amounting to 22, 500 was sold for Rs. 30, 000 on cash basis
(vii) Goods costing to Rs. 40, 000 was sold for Rs. 62, 500 on credit basis.
(viii) Cheque issued to the supplier of goods worth Rs. 17, 500.
(ix) Cheque Received from customer amounting to Rs. 37, 500.
(x) Withdrawn by the owner for personal use Rs. 12, 500.

Q.

The cash book shows a debit balance of 2, 370 but bank statement gives a different figure. The difference found are a Cheque for Rs 700 paid to creditors is not entered in the bank pass book. What shall be done to cash book in this case?

1. Rs 1, 400 shall be added

2. Rs 1, 400 shall be subtracted

3. Rs 700 shall be added

4. Rs 700 shall be subtracted

Q.

Debit balance as per Cash Book: Rs 2, 000
Cheques deposited but not cleared: Rs 100
Cheques issued but not presented: Rs 150
Bank allowed interest: Rs 50
Bank collected dividend: Rs 50
Balance as per Pass Book will be : ___

1. Rs 2350

2. Rs 2100

3. Rs 1850

4. Rs 2150

Q.

Find the balance as per pass book from the following details:

Balance as per cash book: Rs 10, 000

Cheques issued but not presented: Rs 3, 000

Cheques deposited but not collected: Rs 4, 000

Bank charges debited by bank: Rs 250

1. Rs 11, 250

2. Rs 8, 750

3. Rs 10, 750

4. Rs 11, 750

Q.

Mr. X issued cheques worth 15, 000 in March 2018 out of which cheques worth 10, 000 only were presented for payment by 31st March, 2018. While reconciliation bank and cash book balance as on 31st March, 2018, what amount should be added to balance as per cash book to arrive at balance as per pass book?

1. Rs 5, 000

2. Rs 7, 500

3. Rs 10, 000

4. Rs 15, 000

Q.

The bank balance in the cash book ___ by cheque drawn & ___ by cheque deposited.

1. Increases, decreases

2. Decreases, does not change

3. Does not change, increases

4. Decreases, increases

Q.

Briefly explain the statement 'wrongly debited by the bank' with the help of an example.

Q.

Debit balance as per Cash Book of ABC Enterprises as on 31.3.2018 is Rs 1, 500. Cheques deposited but not cleared amounts to Rs 100 and cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should be ___.

1. Rs 1600

2. Rs 1450

3. Rs 1850

4. Rs 1650

Q.

The balance shown by bank column of cash book was Rs 48, 000 on 31.1.2018. A cheque issued worth Rs 24, 000 on 16.1.2018, was not cleared till 31.1.2018. The balance as per pass book as on 31.1.2018 (assuming the opening balance of passbook and cash book are equal) is :

1. Rs 48, 000

2. Rs 24, 000

3. Rs 72, 000

4. Rs 15, 000

Q.

Bank balance as per cash book is Rs.12, 000, taking into account cheques worth Rs 5, 000 issued to suppliers which were not reflected in the bank statement. The balance as per bank statement shall be:

1. Rs 7, 000

2. Rs 12, 000

3. Rs 17, 000

4. None of the above

Q.

On December 31, the cash book of M/s. Mona Plastics shows the bank balance as Rs.6, 500. Firm issued cheques of Rs. 1, 000 to a creditor Mr. Ram but his bag was lost while he was travelling to his house. What shall be the balance as per bank statement after such a situation?

1. None of the above

2. Rs 6, 500

3. Rs 5, 500

4. Rs 7, 500

Q. The cheques which is issued by us, but payment has not been deducted from our bank account at the end of a particular period are called .

1. uncredited cheques
2. unpresented cheques
3. omitted cheques
4. dishonoured cheques

Q.

The following are the Cash Book and Pass Book extracts of Mr. Anil for the month of May 2011. From this information you are required to prepare a Bank Reconciliation Statement as on 31^st May 2011.

Cash Book (Bank Column Only)
Dr.			Cr.
Date	Particulars	Rs	Date	Particulars	Rs
2011 May 4	Ankita’s A/c	2, 300	2011 May 1	By Balance b/d	7, 500
11	To Kavita;s A/c	3, 700	4	By Roky’s A/c	2, 000
14	To Sales A/c	14, 500	6	By Mamata’s A/c	2, 500
15	To Furniture A/c	2, 000	9	By Sonali’s A/c	4, 000
22	To Anita’s A/c	1, 500	15	By Manjiri’s A/c	1, 500
26	To Ganesh’s A/c	4, 000	17	By Purchases A/c	7, 000
28	To Kamal’s A/c	3, 000	20	By Drawings A/c	2, 400
30	To Prakash’s A/c	1, 000	24	By Machinery A/c	10, 000
30	Too Balance’s c/d	8, 500	27	By Archan’s A/c	3, 600
		40, 500			40, 500

Pass Book

Dr.			Cr.
Date	Particulars	Rs	Date	Particulars	Rs
2011 May 1	To Sonali’s A/c	4, 000	2011 May 1	By Balance b/d	13, 400
2	To Manjiri’s A/c	1, 500	4	By Anita’s A/c	1, 500
14	To Cash A/c	10, 000	6	By Ganesh’s A/c	4, 000
17	To Archana’s A/c	3, 600	17	By Cash A/c	14, 500
			18	By Kamal’s	3, 000
			19	By Prakash’s A/c	1, 000

Q.

There were 2 cheques worth Rs 5, 000 each given to a creditor. He lost one cheque while he was travelling to his office. This transaction will lead to cash book showing a less balance of Rs ___

1. Rs 15, 000

2. None

3. Rs 10, 000

4. Rs 5, 000

Q.

The company made a purchases of Rs 3, 30, 000 on credit in the month of May. The creditor was paid one cheque of Rs 2, 00, 000 in the month of June & another cheque of Rs 1, 30, 000 in the month of July. Cheque issued in the month of July was presented for payment in August. In which of the following months will there be a difference in bank account as per cash book & bank balance as per bank pass book?

1. May

2. June

3. July

4. August

Q.

Ram had borrowed a loan of Rs 1, 00, 000 from his friend to whom he used to repay Rs 20, 000 on the 10th of each month & simultaneously he used to put this entry into the cash book of his firm. His friend was out of country in the month of August & he forgot to put the cheque into his bank. Which of the following shall be true?

1. Cash book will show a balance more by Rs 20, 000

2. Cash book will show a balance less by Rs 20, 000

3. Both B & C

4. Bank book will show a balance more by Rs 20, 000

Q.

A cheque was issued to a supplier & was sent to him via courier. The courier did not reach the supplier, but this fact was not communicated. Will this cause a difference which will be effected in reconciliation?

1. Yes

2. None of the above

3. No

4. Cannot be determined

Q. Select the most appropriate alternative.

In which type of Cheque, the amount is credited to the Payee’s account in the bank directly.
(a) Bearer
(b) Order
(c) Crossed
(d) account payee

Q. Cos(-x), sec(-x) are positive. Remaining ratios are negative why. Explain with reason