Accountancy, asked by meetanshubundela0810, 5 months ago

Do bank reconciliation statement rectifies the error of difference between the balance as per cash book and pass book?​

Answers

Answered by siyona2002
0

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: ... Dividends and Interest collected by the bank. Bank made direct payment from the customer's side.

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