AIEEE Questions

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A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.

The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.

Moortidevi Award is given for Authors, excellence in the field of Literary Award in India sponsored by Bharatiya Jnanpith.

The capital of India shift from Kolkata to New Delhi in the year 1911.

Qatar country has decided to withdraw its membership from OPEC as of January 2019. The OPEC is The Organization of the Petroleum Exporting Countries founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.

Dubai airport is the busiest airport in the world.