Bank PO Questions

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.

The Indus Valley Civilization which is also known as Bronze age civilization started around 3300 BC and flourished in between 2600 - 1900 BC and started to decline in 1800 BC.

A man with colour blindness will see red and green as same. 

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.

Exodusters migrate to Kansas and other western states as part of the Exoduster Movement or Exodus of 1879. It was the first general migration of black people following the Civil War.

Exodusters was a name given to African Americans who migrated from states along the Mississippi River to Kansas in the late nineteenth century.

 The primary reason to issue stock is to raise money to start and maintain an ongoing business.

Other Reasons::

The reasons that a company might want to raise money by issuing stock are:

• To develop new products

• To buy more advanced equipment

• To pay for new buildings and inventories

• To hire more employees

• To provide for a merger or acquisition

• To decrease debt

• To give company owners greater flexibility

• To place a value on the company.

MS Dhoni, the skipper of CSK - Chennai Super Kings team in IPL Indian Premier League has become the first-ever captain to win 100 matches in IPL history.