Practice Causes of Differences Between Cash Book and Bank Statement - 3.2 | 3. Bank Reconciliation Statement | ICSE Class 11 Accountancy
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Typing
Memory
Math
English Adventures
Knowledge

3.2 - Causes of Differences Between Cash Book and Bank Statement

Enroll to start learning

You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.

Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define outstanding checks.

💡 Hint: Think about checks you've written but haven't seen cleared.

Question 2

Easy

What is a deposit in transit?

💡 Hint: Consider deposits made that the bank hasn't processed yet.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is an outstanding check?

  • A check that has been cashed
  • A check issued but not yet presented
  • A deposit made directly

💡 Hint: Think about checks that remain uncashed.

Question 2

True or False: Deposits in transit can lead to a higher cash book balance than the bank statement.

  • True
  • False

💡 Hint: Consider timing differences.

Solve 3 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company has a cash book balance of ₹8,000. They issued a check for ₹1,500 that is outstanding and have a deposit in transit of ₹2,500. What is the correct balance you should expect to see in the bank statement?

💡 Hint: Apply the adjustments in the correct order: Start with cash book, subtract the outstanding check, then add the deposit.

Question 2

If a bank charge of ₹300 is recorded in the bank statement but not in the cash book, and the cash book's balance shows ₹5,500, what will be the correct cash book balance after accounting for the charge?

💡 Hint: Make sure to subtract the bank charge from the cash book balance.

Challenge and get performance evaluation