Question

Bank Reconciliation statement is __________ and not _______

(A) Account, Statement (B) Subsidiary book, Journal Proper

(C) Statement, Account (D) Part of cashbook, part of passbook​

Answer 1

Answer:

C

Explanation:

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Answer 2

ANSWER :

Bank Reconciliation statement is ______ and not _____.

(A) Account, Statement

(B) Subsidiary book, Journal Proper

(C) Statement, Account ✓

(D) Part of cashbook, Part of passbook

• ★ Bank Reconciliation Statement is a Statement and not an Account.

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KNOW MORE :

• ❖ Bank Reconciliation Statement is the statement prepared to identify the reasons of the difference of the balance ay Bank as shown by the Cash Book and the balance at Bank as shown by the Pasś Book and reconcile balances thereof.

• ❖ Bank Reconciliation Statement is prepared to verify the accuracy of the entries made in the Cash Book and Pasś Book.

• ❖ Bank Reconciliation Statement is needed to be prepared by every business enterprise for having a check and control on its transactions with its banker.

• ❖ Bank Reconciliation Statement is a statement prepared on a particular date to reconcile the balances shien by the Cash Book and Bank Statement.