SSC CGL Finance – Bank Reconciliation Statement – Level 2 · Exam Level · Paper III Sprint

← Back

SSC CGL Finance – Bank Reconciliation Statement – Level 2 · Exam Level · Paper III Sprint – 15 questions, subject: Finance & Economics (Tier II Paper III). Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

Get daily current affairs & exam alerts – follow us YouTube WhatsApp Channel Telegram Channel Facebook Page Instagram
Share with friends & study groups
Link to this page from your website / blog (HTML code)
1.  
Cash book (Dr) ₹ 42,000. Cheques issued but not presented ₹ 9,600; cheques deposited but not credited ₹ 14,300. Balance as per pass book is:

Correct Answer: D [₹ 37,300]

Explanation:

42,000 + 9,600 − 14,300 = 37,300.

2.  
Pass book (Cr) ₹ 58,000. Cheques deposited but not credited ₹ 6,500; cheques issued but not presented ₹ 11,200; bank charges ₹ 250 not in the cash book. Balance as per cash book is:

Correct Answer: C [₹ 53,550]

Explanation:

58,000 + 6,500 − 11,200 + 250 = 53,550.

3.  
Overdraft as per cash book ₹ 15,000. Cheques issued but not presented ₹ 4,000; cheques deposited but not credited ₹ 6,500. Overdraft as per pass book is:

Correct Answer: B [₹ 17,500]

Explanation:

−15,000 + 4,000 − 6,500 = −17,500 → overdraft 17,500.

4.  
Cash book (Dr) ₹ 25,000. Interest ₹ 800 credited and an insurance premium ₹ 3,200 paid under standing instruction appear only in the pass book. Pass book balance is:

Correct Answer: A [₹ 22,600]

Explanation:

25,000 + 800 − 3,200 = 22,600.

5.  
Two-quantity comparison
Quantity I: pass book balance when cash book (Dr) is ₹ 30,000 and cheques issued not presented are ₹ 5,000
Quantity II: pass book balance when cash book (Dr) is ₹ 40,000 and cheques deposited not credited are ₹ 5,000

Correct Answer: C [Quantity I = Quantity II]

Explanation:

Answer: Quantity I = Quantity II. QI = 35,000; QII = 35,000.

6.  
Match the followingMatch the term with its meaning:
P. Standing instruction Q. Dishonour R. Overdraft
1. Money owed to the bank 2. Cheque returned unpaid 3. Order to the bank to make regular payments

Correct Answer: B [P-3, Q-2, R-1]

Explanation:

Standing instruction – regular payments; dishonour – returned unpaid; overdraft – owed to bank.

7.  
Assertion–Reason
A: Cheques issued but not presented are added to the cash book balance to arrive at the pass book balance.
R: Such cheques have reduced the cash book balance but not yet the pass book balance.

Correct Answer: C [Both A and R are true and R explains A]

Explanation:

Who-Knows: only the cash book has them, so reverse their effect.

8.  
Cash book (Dr) ₹ 20,000. A deposit of ₹ 3,600 was recorded in the cash book as ₹ 6,300. There is no other difference. Pass book balance is:

Correct Answer: D [₹ 17,300]

Explanation:

Cash book overstated by 2,700 → 20,000 − 2,700 = 17,300.

9.  
Cash book (Dr) ₹ 12,000. A payment of ₹ 900 by cheque was wrongly entered on the debit side of the cash book. Pass book balance (no other difference) is:

Correct Answer: A [₹ 10,200]

Explanation:

Wrong side → effect 2 × 900 = 1,800 → 12,000 − 1,800 = 10,200.

10.  
True/false countHow many statements are true?
I. A BRS is a part of the double entry system.
II. Errors made by the bank are corrected in the amended cash book.
III. An overdraft as per pass book is a debit balance.
IV. Starting from a favourable cash book balance, interest charged by the bank is deducted.

Correct Answer: D [Two]

Explanation:

III and IV are true; a BRS is only a statement; bank errors stay in the BRS.

11.  
Reverse questionCash book (Dr) ₹ 30,000; pass book (Cr) ₹ 41,500. The only difference is cheques issued but not presented. Their amount is:

Correct Answer: A [₹ 11,500]

Explanation:

30,000 + x = 41,500 → x = 11,500.

12.  
Trick SpotterA BRS starts from an overdraft as per cash book. The safest quick method is:

Correct Answer: B [Write the overdraft as a negative number and use the normal rules]

Explanation:

Overdraft = negative balance; signs then take care of themselves.

13.  
A cash book and a pass book differ by one amount only. Which difference could be caused by swapping two digits of a figure?

Correct Answer: C [₹ 3,150]

Explanation:

A transposition difference is always divisible by 9: 3,150 = 9 × 350; the others are not.

14.  
Spot My Mistake“Cash book (Dr) ₹ 34,000; cheques deposited not credited ₹ 7,200; pass book = 34,000 + 7,200 = ₹ 41,200.” The correct pass book balance is:

Correct Answer: A [₹ 26,800]

Explanation:

The deposit is only in the cash book → deduct: 34,000 − 7,200 = 26,800.

15.  
Starting from a favourable pass book balance, a dividend of ₹ 2,400 collected by the bank but not entered in the cash book is:

Correct Answer: B [Deducted]

Explanation:

Only the starting record (pass book) has it – reverse its effect.

➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Finance & Economics (Tier II Paper III) book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-finance-economics

📘 SSC CGL 2026 – General Studies – Finance & Economics (Tier II Paper III)
Here you get the answer with a one-line explanation. 1,064 original questions with worked answers · Part A Finance & Accounts and Part B Economics & Governance notes · practice sets + 3 mock tests
Get the book – ₹149 ₹299 →
Score: 0 Answered: 0 / 0