The statement that compares the balance as shown in the bank's records with the balance in the cash at bank account at a particular date is known as the:
A) bank statement.
B) bank reconciliation statement.
C) bank control account.
D) cash flow statement.

Question

Quizplus · Accepted Answer

The statement that compares the balance as shown in the bank's records with the balance in the cash at bank account at a particular date is known as the bank reconciliation statement. This statement helps to identify any discrepancies and differences between the two balances and enables the company to adjust its records accordingly. Options A, C, and D are not the correct options as they are referring to different concepts or statements.

The Statement That Compares the Balance as Shown in the Bank's