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A bank reconciliation statement is prepared by ?
A bank reconciliation statement is prepared by Accountant of the business
A bank reconciliation statement is prepared by Accountant of the business
See lessThe balance on the debit side of the bank column of the cash book indicates?
The balance on the debit side of the bank column of the cash book indicates Cash at bank
The balance on the debit side of the bank column of the cash book indicates Cash at bank
See lessXYZ Ltd. receives a cheque for Rs. 100, records it in the cash book, and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?
As an uncredited deposit added to the bank statement balance
As an uncredited deposit added to the bank statement balance
See lessGive a transaction which is not a reason for the difference between bank balance as per cash book and pass book?
Credit sales is not a reason for the difference between bank balance as per cash book and pass book
Credit sales is not a reason for the difference between bank balance as per cash book and pass book
See lessWhat do you mean by Dishonor of the cheque?
When a cheque is returned by the bank showing some technical reason is known as Dishonor of the cheque
When a cheque is returned by the bank showing some technical reason is known as Dishonor of the cheque
See lessWhat is an outstanding cheque?
The cheque which is issued to the creditor but is not presented for payment
The cheque which is issued to the creditor but is not presented for payment
See lessUnfavourable bank balances mean?
Debit balance in the pass book
Debit balance in the pass book
See lessA bank reconciliation statement is prepared with the balance of ?
A bank reconciliation statement is prepared with the balance of Cash book or pass book
A bank reconciliation statement is prepared with the balance of Cash book or pass book
See lessA bank reconciliation statement is Prepared by?
A statement prepared by a customer
A statement prepared by a customer
See lessWhat is the main purpose of preparing a bank reconciliation statement?
To identify causes of difference between cash book and bank statement
To identify causes of difference between cash book and bank statement
See less