Question

Bank reconciliation statement is prepared by

Customers of the Book

Bank

Creditors

Auditors​

Answer 1

Answer:

bअंक

Explanation:

Whenever money is deposited in bank or withdrawn from bank it is recorded in two places.

The pass book maintained by the bank

The cash book (bank column ) maintained by the account holder.

These two books are opposites of each other which means if one shows credit balance then the other would reflect a debit balance of the exact same amount. 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.