Select the most appropriate alternative from those given and rewrite the following statement:

i. Bank balance as per Pass Book means ________ balance of Pass Book. 

(a) credit 

(b) opening 

(c) debit 

(d) closing

ii. Bank gives overdraft facility to ________ account holder. 

(a) savings 

(b) recurring 

(c) current 

(d) fixed

iii. Debit balance as per Cash Book is also known as ________ balance.

(a) favourable 

(b) overdraft 

(c) abnormal 

(d) unfavourable

iv. When extracts of Cash Book and Pass Book are given for uncommon periods, only ________ items are considered for preparation of Bank Reconciliation Statement. 

(a) uncommon 

(b) normal 

(c) favourable 

(d) common

v. When extract of Cash Book and Pass Book is given for common period, only _______ items are considered for preparation of Bank Reconciliation Statement.

(a) uncommon 

(b) common 

(c) favourable 

(d) unfavourable

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1 Answers

i. (a) credit

ii. (c) current

iii. (a) favourable

iv. (d) common

v. (a) uncommon

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