Which of the following statements is false?
A)When the bank column of a Cash Book shows a credit balance, it means an amount is due to the bank
B)When Pass Book shows a debit balance, it means overdraft as per Pass Book
C)While preparing Bank Reconciliation Statement, cheques paid into bank but not yet cleared are deducted from the Debit balance as per Cash Book to arrive at the balance as per Pass Book
D)A Bank Reconciliation Statement is a part of Pass Book

Question

Quizplus · Accepted Answer

A Bank Reconciliation Statement is not a part of the Pass Book. It is a statement prepared by the account holder to reconcile the differences between the bank balance as per the Cash Book and the balance as per the Pass Book/Bank Statement.

Which of the Following Statements Is False