Question

Reasons for preparing a bank reconciliation statement as an internal control process

Answer 1

Answer:

BRS is prepared so that we can match balance of our cash book and the passbook.

Explanation:

many times some transactions are not recorded or lately recorded because of timely gap.........so BRS is prepared

Answer 2

The major reason for preparing a bank reconciliation statement as an internal control process because it deals with the banks transactions that are associated with a particular bank account.

Explanation:

• The reconciliation statement will give the accurate information on the banks transactions which are done with a person's bank account.
• These statements helps the bankers to easily look into the accounts and can offer him the financial services.
• In addition to this, the reflection of these activities on the bank account can be determined with this statement.

To know more:

1) What is bank reconciliation statement​

https://brainly.in/question/8484227.

2) What is a bank? function of bank

https://brainly.in/question/2841138