1) Bank reconciliation is a) statement b) Account 2) A statement showing the cause of difference in the balance of bank as per cashbook and balance as per passbook a) Bank reconciliation statement b) Bank account 3) A copy of traders account in the books of a bank a) cashbook b) passbook 4) In which book cash transaction of business are recorded a) cashbook b) Passbook 5) which two things are important to prepare Bank reconciliation statement? a) passbook and cashbook b) Bank account and passbook 6) Debit balance as per cashbook is a) Bank balance b) Bank overdraft 7) Credit balance as per cashbook is a) Bank balance b) Bank overdraft 8) How many methods of Bank reconciliation are there ? a) Two b) one 9) Bank reconciliation statement is prepared by a) Bank b) Trader 10) What is the relationship between bank and trader a) Debtors and creditors b) seller and buyer

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