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Bank Reconciliation Statement is prepared to :?

(a) rectify the mistakes in pass book.

(b) to rectify the mistakes in cash book.

(c) to arrive at balance as per bank statement.

(d) to find the reasons of differences in balance as per Cash Book and Bank Statement.

Accounting Cash Flow Forecasting Finance Management
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Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/09
Upvote (1) Views (9) Followers (3) Answers (3) Report Question
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Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Answer is  d) .........to find the reasons of differences in balance as per Cash Book and Bank Statement.

Khurshid Alam
by Khurshid Alam , Accounts Payable Supervisor , Ali Bin Ali Travel Bureau

The Statement to find out the difference between the Bank Book and the Cash Book. it should be tally. if no Tally that mean any transaction is missing or wrongly reported any one book.

Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The purpose of of preparation of bank reconciliation is to find the reasons of differences in balance as per Cash Book and Bank Statement.

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