SSC CGL Finance – Bank Reconciliation Statement – Level 3 · Challenge

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SSC CGL Finance – Bank Reconciliation Statement – Level 3 · Challenge – 8 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.

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1.  

Directions (Q 28–29): Cash book (Dr) ₹ 64,000. Cheques issued not presented ₹ 18,500; cheques deposited not credited ₹ 22,000; bank charges ₹ 400; interest credited ₹ 1,500; telephone bill ₹ 6,000 paid by the bank under standing instruction; direct deposit by a customer ₹ 7,200.

Using the data above, the balance as per pass book is:

Correct Answer: C [₹ 62,800]

Explanation:

64,000 + 18,500 − 22,000 − 400 + 1,500 − 6,000 + 7,200 = 62,800.

2.  
(Use the directions above – Q 28–29)
Using the data above, the amended cash book balance is:

Correct Answer: D [₹ 66,300]

Explanation:

64,000 − 400 + 1,500 − 6,000 + 7,200 = 66,300.

3.  
Overdraft as per pass book ₹ 20,000. Cheques issued not presented ₹ 6,000; cheques deposited not credited ₹ 9,000; bank charges ₹ 500 not in the cash book. Overdraft as per cash book is:

Correct Answer: D [₹ 16,500]

Explanation:

−20,000 − 6,000 + 9,000 + 500 = −16,500 → overdraft 16,500.

4.  
Cash book (Dr) ₹ 15,000. The bank wrongly credited ₹ 2,000 belonging to another customer, and a cheque of ₹ 1,800 deposited by the firm was dishonoured (not yet in the cash book). Pass book balance is:

Correct Answer: B [₹ 15,200]

Explanation:

15,000 + 2,000 − 1,800 = 15,200.

5.  
Statement-basedWhich of these are entered in the amended cash book?
I. Bank charges II. Cheques issued but not presented III. Interest credited by bank IV. A wrong debit made by the bank

Correct Answer: A [I and III only]

Explanation:

Only bank-only items (and firm's errors) go to the cash book; timing items and bank errors stay in the BRS.

6.  
Reverse questionCash book (Dr) ₹ 52,000; pass book (Cr) ₹ 47,300. Cheques issued not presented ₹ 9,500 and bank charges ₹ 700. The only other difference is cheques deposited but not credited. Their amount is:

Correct Answer: C [₹ 13,500]

Explanation:

52,000 + 9,500 − 700 − x = 47,300 → x = 13,500.

7.  
Cash book (Dr) ₹ 9,800. A cheque of ₹ 5,400 received and deposited was entered on the credit side of the cash book. Pass book balance (no other difference) is:

Correct Answer: D [₹ 20,600]

Explanation:

Wrong side: cash book understated by 2 × 5,400 = 10,800 → 20,600.

8.  
Two-quantity comparisonCash book (Dr) ₹ 50,000; bank charges ₹ 600 and interest ₹ 900 appear only in the pass book; cheques issued not presented ₹ 7,000.
Quantity I: amended cash book balance Quantity II: pass book balance

Correct Answer: B [Quantity I < Quantity II]

Explanation:

QI = 50,300; QII = 50,300 + 7,000 = 57,300.

➤ 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
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