Practice Step 3: Subtract Unrecorded Transactions - 3.3.3 | 3. Bank Reconciliation Statement | ICSE Class 11 Accountancy
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3.3.3 - Step 3: Subtract Unrecorded Transactions

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What are outstanding checks?

💡 Hint: Think about checks issued by a company.

Question 2

Easy

What types of fees constitute bank charges?

💡 Hint: Consider different services provided by banks.

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 are outstanding checks?

  • Checks written but cleared
  • Checks that are not yet presented to the bank
  • Deposits made but not recorded

💡 Hint: Consider what has not been finalized or cleared.

Question 2

True or False: Bank charges have no impact on the cash book balance.

  • True
  • False

💡 Hint: Think about whether these charges affect what you think you have.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A business has a cash book balance of ₹15,000. It issued checks worth ₹6,000, but only ₹3,000 has cleared. In addition, the bank has imposed charges of ₹500. Calculate the adjusted balance after accounting for these transactions.

💡 Hint: Subtract both the outstanding checks and the bank charges from the cash book balance.

Question 2

If a company's monthly bank fees total ₹1,000 and it issues checks totaling ₹7,500 but still has ₹2,000 outstanding, what adjusted balance will they work with after these deductions?

💡 Hint: Combine data to effectively find the adjusted total.

Challenge and get performance evaluation