Accountancy, asked by mm9823963, 4 months ago

Explain the various reasons for preparation of Bank Reconciliation statement.

Answers

Answered by mtpranav01

Answer:

due to the following reasons

Explanation:

Catch Errors. Misread receipts, transposed numbers and forgotten entries in the check register are common accounting errors and are easily rectified. ...

Avoid Surprises. ...

Save Money. ...

Verify Cash Flow. ...

Prevent Fraud.

Answered by beenamanu

It is prepared by the depositor to find out the reason for difference in cashbook and passbook balance

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Explain the various reasons for preparation of Bank Reconciliation statement.​

Answers

Explain the various reasons for preparation of Bank Reconciliation statement.