🎴 Flashcard Mode
Bank Reconciliation Statement
Card1 / 6
Mastered0
Review0
QuestionClick to flip
The reason for preparation of Bank Reconciliation Statement is to know the difference between which of the following?
AnswerClick to flip back
A
The balance as per the bank column of both the pass book and the cash book.
💡 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.