New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statement is incorrect?

    A Bank Reconciliation statement is a statement reconciling the balance as shown by the Bank Pass book and the balance as shown by the cash book. Correct Answer Incorrect Answer
    B Pass book is a copy of the firm's account with a bank. Correct Answer Incorrect Answer
    C Cheques issued but not presented for payment will reduce the balance as per pass book. Correct Answer Incorrect Answer
    D Cheques sent for collection but not yet collected will result in increasing the balance of the Cash Book as compared to the Pass book. Correct Answer Incorrect Answer

    Solution

    Cheques issued but not presented for payment will increase the balance as per pass book.

    Practice Next