Question

The main purpose of preparing a Bank Reconciliation Statement is:

A to know the Cash Book Balance Correct Answer Incorrect Answer
B to know the Pass Book Balance Correct Answer Incorrect Answer
C to compare the transactions in the Cash Book and Pass Book Correct Answer Incorrect Answer
D to correct the Cash Book Correct Answer Incorrect Answer
E to reconcile Balance as per Cash Book with the Pass Book Balance Correct Answer Incorrect Answer

Solution

The correct answer is D

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