Question

Which of the following statements related to bank reconciliation
statement is correct?
a) It is prepared to ascertain profit of the business concern.
b) It is prepared to calculate the balance as per cash book at the
end of the month.
c) It is prepared to reconcile the balance as per cash book and
as per pass book.
d) It is prepared to ascertain the financial position of the business.

Answer 1

Answer:

option c is correct answer