Question discussion

A bank reconciliation statement is prepared to

2125Medium DSSSB TGT Computer Science 0 replies 2 views

Areconcile the balance of the cash book with the balance shown by the pass book (bank statement)
Bcalculate the profit of the business
Crecord the sale of goods on credit
Dfind the closing stock

Correct answer: A

Explanation

It explains the differences between the bank balance in the firm's cash book and the balance in the bank's statement, such as cheques issued but not yet presented.

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