Question

2. Who prepares the bank reconciliation statement?
a. Bank b. Business c. Debtor to the business d. Creditor to the business

Answer 1

Answer:

But due to reasons like timing differences the balances of both these books do not match. Now, it is not practical and feasible for the bank to reconcile the account balances of each and every account holder so, the account holder prepares a bank reconciliation statement for his account maintained in the bank