SSC CGL Finance – Bank Reconciliation Statement – Exam-Level Drill
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Difference must be +1,800 and divisible by 9: 4,260 − 2,460 = 1,800 (2,640 for 2,460 gives 180; 2,460 for 4,260 gives −1,800; 6,240 for 2,640 gives 3,600).
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SSC CGL Finance – Bank Reconciliation Statement – Exam-Level Drill – 10 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. Vasantham Stores: the balance as per pass book is:
Directions (Q 36–38): Vasantham Stores, 31 March: cash book (Dr) ₹ 1,24,000. Cheques issued not presented ₹ 46,500; cheques deposited not credited ₹ 38,200; bank charges ₹ 650; interest credited ₹ 2,350; LIC premium ₹ 9,600 paid by the bank on standing instruction; direct deposit by a customer ₹ 15,000; a cheque of ₹ 4,200 dishonoured (only the bank has recorded it); a deposit of ₹ 3,800 was entered in the cash book as ₹ 8,300.
Correct Answer: C [₹ 1,30,700]
Explanation:
1,24,000 + 46,500 − 38,200 − 650 + 2,350 − 9,600 + 15,000 − 4,200 − 4,500 = 1,30,700.
2.
(Use the directions above – Q 36–38)
Vasantham Stores: the correct bank balance for the Balance Sheet is:
Vasantham Stores: the correct bank balance for the Balance Sheet is:
Correct Answer: B [₹ 1,22,400]
Explanation:
Amended cash book: 1,24,000 − 650 + 2,350 − 9,600 + 15,000 − 4,200 − 4,500 = 1,22,400.
3.
(Use the directions above – Q 36–38)
Vasantham Stores: in a one-stage BRS from the cash book, the total of the 'Less' column is:
Vasantham Stores: in a one-stage BRS from the cash book, the total of the 'Less' column is:
Correct Answer: A [₹ 57,150]
Explanation:
38,200 + 650 + 9,600 + 4,200 + 4,500 = 57,150.
4.
Overdraft as per cash book ₹ 48,000. Cheques issued not presented ₹ 12,500; cheques deposited not credited ₹ 9,000; interest on overdraft ₹ 1,350 charged by the bank; a customer deposited ₹ 6,000 directly. Overdraft as per pass book is:
Correct Answer: C [₹ 39,850]
Explanation:
−48,000 + 12,500 − 9,000 − 1,350 + 6,000 = −39,850.
5.
Overdraft as per pass book ₹ 30,000. Cheques deposited not credited ₹ 8,000; cheques issued not presented ₹ 14,000; bank charges ₹ 300 not in the cash book. Overdraft as per cash book is:
Correct Answer: A [₹ 35,700]
Explanation:
−30,000 − 14,000 + 8,000 + 300 = −35,700.
6.
Cash book (Dr) ₹ 10,000. A cheque payment of ₹ 2,350 was recorded in the cash book as ₹ 3,250, and the bank wrongly credited ₹ 1,500 to the firm's account. Pass book balance is:
Correct Answer: B [₹ 12,400]
Explanation:
Cash book understated by 900 → +900; bank's wrong credit +1,500 → 12,400.
7.
Reverse questionOverdraft as per cash book ₹ 10,000; overdraft as per pass book ₹ 6,000. The only difference is cheques issued but not presented. Their amount is:
Correct Answer: D [₹ 4,000]
Explanation:
−10,000 + x = −6,000 → x = 4,000.
8.
In the Vasantham Stores case above, the amended cash book balance compared with the original cash book balance is:
Correct Answer: C [Lower by ₹ 1,600]
Explanation:
1,22,400 − 1,24,000 = −1,600 (bank-only items and the cash-book error net to −1,600).
9.
Assertion–Reason
A: Errors committed by the bank are shown only in the BRS, not in the amended cash book.
R: The firm's cash book is correct as far as those items are concerned.
A: Errors committed by the bank are shown only in the BRS, not in the amended cash book.
R: The firm's cash book is correct as far as those items are concerned.
Correct Answer: D [Both A and R are true and R explains A]
Explanation:
Bank errors are corrected by the bank; the firm's record needs no change.
10.
The cash book shows a balance ₹ 1,800 higher than the pass book because the digits of one deposit were swapped while writing the cash book. Which entry fits?
Correct Answer: A [₹ 2,460 recorded as ₹ 4,260]
Explanation:
Difference must be +1,800 and divisible by 9: 4,260 − 2,460 = 1,800 (2,640 for 2,460 gives 180; 2,460 for 4,260 gives −1,800; 6,240 for 2,640 gives 3,600).
➤ 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
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