Please refer to Bank Reconciliation Statement HOTs Class 11 Accountancy provided below with Bank Reconciliation Statement. All HOTs for Class 11 Accountancy with answers provided below have been designed as per the latest syllabus and examination petter issued by CBSE, NCERT, KVS. Students of Standard 11 Accountancy should learn the solved HOTS for Class 11 Accountancy provided below to gain better marks in examinations.
Bank Reconciliation Statement Class 11 Accountancy HOTs
Question. What do you mean by a debit balance in Passbook?
Answer : The debit balance in passbook means overdraft.
Question. Why the bank reconciliation statement is important?
Answer : The bank reconciliation statement is important to determine the cause for the difference made on the part of the bank or customers side.
Question. Mention two items drafted in a plus column while starting with a debit balance of cash book.
Answer : The two items drafted in a plus column while starting with a debit balance of cash book are.
• Bank issued cheque but not yet deposited for payment
• Interest allowed by the bank but not recorded in the cash book
Question. Mention two items drafted in a minus column while starting with a overdraft balance of cash book.
Answer : The two items drafted in a minus column while starting with an overdraft balance of cash book are.
• Paid cheque in the bank but yet not cleared
• Bank made direct payment from the customer’s side
Question. A bank reconciliation statement is
1. A part of Cash Book
2. A part of Pass Book
3. A statement prepared by the bank
4. A statement prepared by the customer
Answer : A statement prepared by the customer
Question. A bank reconciliation statement is prepared with the balance of
1. Cash book
2. Passbook
3. Either Cashbook or Pass Book
4. Neither Cashbook or Pass Book
Answer : Either Cashbook or Pass Book
Question. Which of the statement is not a part of the Double Entry System
1. Cash Book
2. Trial Balance
3. Journal
4. Bank Reconciliation Statement
Answer : Bank Reconciliation Statement