Question

9. A bank reconciliation statement is mainly prepared for
a) Reconcile the cash balance of the cash book
(b) Reconcile the difference between the bank balance shown by the cash book and bank
passbook
(Both (a) and (b)
(d) None of these​

Answer 1

Explanation:

For reconciling the balances as shown in the Cash Book and passbook a reconciliation statement is prepared known as Bank Reconciliation Statement or BRS. In other words, BRS is a statement which is prepared for reconciling the difference between balances as per cash book's bank column and passbook on a given date.

Answer 2

Answer:

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