Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Bank Reconciliation Statement

Question:

Who prepared the Bank Reconciliation Statement to reconcile the balances?

Options:

Debtors

Creditors

Account holder

Concerned Bank

Correct Answer:

Account holder

Explanation:

The correct answer is option 3- Account holder.

Bank Reconciliation Statement is a statement prepared to reconcile the bank balance as per cash book with the balance as per passbook or bank statement, by showing the items of difference between the two accounts. It is prepared by the account holder of the bank to reconcile the difference between two balances.