Bank Reconciliation Statement is prepared by the Bank.

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

Bank Reconciliation Statement is prepared by the Bank.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

This statement is False.

A Bank Reconciliation statement shows the causes of disagreement between the balances shown by the bank passbook and the bank balance shown by the cash book, for a particular period of time generally a month. It is prepared by the trader as he has both the books to compare and find the differences.

4 views Answered 2023-02-05 15:29

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