A Bank Reconciliation Statement is a

A. Part of Pass Book

B. Part of Cash Book

C. Statement prepared by the bank

D. Statement prepared by the customer

Details of Mcqs:

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period.  Bank Reconciliation is prepared on a periodical basis for checking that bank related transactions are recorded properly in the cash book's bank column and also by the bank in their books. BRS helps to detect errors in recording transactions and determining the exact bank balance as on a specified date

There are five main types of account reconciliation: 

1. Bank Reconciliation, 

2. Customer Reconciliation, 

3. Vendor Reconciliation, 

4. Inter-company Reconciliation, 

5. Business-specific Reconciliation.

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