Multiple choice

The reason for preparation of Bank Reconciliation Statement is to know the difference between which of the following?

  1. The balance as per cash column of cash book and bank column of pass book.

  2. The balance as per the bank column of both the pass book and the cash book.

  3. The balance as per the bank column of pass book and cash column of pass book.

  4. The balance as per the last entry of passbook and balance as per cash column of cash book.

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Bank Reconciliation statement is statement, which reconciles balance of cash book with that of pass book bank statement, and it shows reasons for the difference between the two.

Keep practicing — related questions