A businessman can prepare a Bank Reconciliation statement only with Cash Book Balance.

State whether the following statements are True or False with reason:

A businessman can prepare a Bank Reconciliation statement only with Cash Book Balance.

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

This statement is False.

The businessman can prepare a Bank Reconciliation statement with the help of a cash book, bank column, and passbook. It is a comparison between the two to correct the differences. Both i.e. cash book and pass book/Bank statement are required to prepare a Bank Reconciliation statement.

5 views Answered 2023-02-05 15:29

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