The Bank Reconciliation Statement is prepared
A)To rectify the mistakes in the Cash Book
B)To arrive at the Bank Balance
C)To arrive at the Cash Balance
D)To bring out the reasons for the difference between the Balance as per Cash Book and the

Question

Quizplus · Accepted Answer

The Bank Reconciliation Statement is prepared to identify and explain the differences between the bank balance shown in an entity's bank statement, as provided by the bank, and the amount shown in the entity's own accounting records at a particular point in time.

The Bank Reconciliation Statement Is Prepared