The main purpose of preparing a bank reconciliation statement is:
A. to know the bank balance.
B. to compare the entries in the cash and pass books.
C. to correct the cash after comparing with pass books.
D. to reconcile cash balance as per pass book with the balance in the pass book.
Answer:D
The main purpose of preparing a bank reconciliation statement is:
A. to know the bank balance. B. to compare the entries in the cash and pass books. C. to correct the cash after comparing with pass books. D. to reconcile cash balance as per pass book with the balance in the pass book.