BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED
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Answer Posted / somesh
The bank Reconcilation statement is prepared by the
coustomer and not by the bank. It is prepared
periodically , usually at the end of every month.It enables
the customer to check the accuracy of the entries made in
cash book and pass book. it helps the customer to keep a
track of cheques sent to bank for collection but not
cleared and cheque issued but not presented for payment.
(friends this is correct answer.)
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