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What is the Purpose of Preparing Bank Reconciliation
Statement?
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Answer Posted / anix
IT IS A STATEMENT TO SHOW THE CAUSES OF DIFFERNCE B/W
BALANCE AS PER PASS BOOK AND AS PER CASH BOOK..
THE FOLLOWING ARE SOME REASONS CAUSING DISAGREMENT OF
BALANCES
1.CHEQUE ISSUED BUT NOT PRESENTED
2.CHEQUE DEPOSITED BUT NOT CLEARED
3.MONEY DEPOSITED BY A CUSTOMER DIRECTLY TO THE BANK..
| Is This Answer Correct ? | 5 Yes | 2 No |
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