Question

bank reconciliation statements is a. a ledger account b. a part of the cash book c. a statement separately prepared to find out the causes for differences between bank column of cash book or pass book d. bank statement ​

Answer 1

Answer:

The bank reconciliation statement helps in explaining the differences in the amount between the company's cash book and bank balance. The cash book and the bank passbook differences are caused by: ... Bank-issued cheque but not yet deposited for payment. Paid cheque in the bank but yet not cleared.

Explanation:

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