Benefits of preparing Bank Reconciliation Statement includes -
A)It bring out any errors committed in preparation of Cash book / Bank Pass Book
B)Highlights under delay in clearance of cheques deposited but not credited
C)Help know actual bank balance .
D)All the three

Question

Quizplus · Accepted Answer

Bank Reconciliation Statements help in identifying errors in the Cash Book or Bank Pass Book, highlight delays in cheque clearance, and provide the actual bank balance, making all the given options correct.

Benefits of Preparing Bank Reconciliation Statement Includes -