Question

Taking a bank statement and a cash book and comparing them to determine the reasons for the differences in their balances is called a:
a. Bank Reconciliation
b. Bank Statement
c. Deposit in transit
d. Adjusted Cash Book

Answer 1

Answer:

a. Bank Reconciliation

I hope it will help you

Answer 2

Answer:

Hope IT IS HELP YOU AND ALL THE VERY BEST

AND YOUR ANSWER IS b) BANK STATEMENT

Explanation:

A bank reconciliation statement is a document that compares the cash balance on a company's balance sheet. These statements are key to both financial modeling and accounting to the corresponding amount on its bank statement. Reconciling the two accounts helps identify whether accounting changes are needed.