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Can you explain the answer of this question below:
Bank Reconciliation statement is :
- A:A part of Pass Book
- B:A statement prepared by bank
- C:A cash book related to cash column
- D:A statement prepared by customers.
The answer is d.
Most Upvoted Answer
Can you explain the answer of this question below:Bank Reconciliation ...
BRS is a statement which is prepared to reconcile the balance of cash book or pass book
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Can you explain the answer of this question below:Bank Reconciliation ...
Bank Reconciliation Statement
- Definition: Bank Reconciliation Statement is a statement prepared by customers to compare their own records of transactions with the bank's records.
- Purpose: The main purpose of preparing a Bank Reconciliation Statement is to identify any differences between the bank balance shown in the customer's records and the bank balance shown in the bank statement.
- Preparation: Customers need to compare their own records of transactions such as deposits, withdrawals, and bank charges with the transactions recorded by the bank in the bank statement.
- Adjustments: Any discrepancies found during the reconciliation process need to be adjusted in the customer's records to ensure that the bank balance matches the actual balance.
- Importance: Bank Reconciliation Statement helps in ensuring the accuracy of financial records, detecting errors or fraud, and maintaining control over cash transactions.
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Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d.
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Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d. for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d..
Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d. for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:Bank Reconciliation statement is :A:A part of Pass BookB:A statement prepared by bankC:A cash book related to cash columnD:A statement prepared by customers.The answer is d..
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