Benefits of preparing Bank Reconciliation Statement includes___________??

Accounting Mcqs
BILAL KHATTAK0

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

Related Mcqs:

  1. Which of the following is not a cause of difference in balance as per cash book and balance as per bank pass book___________??
  2. Bank reconciliation is a statement prepared to reconcile__________??
  3. The Bank Reconciliation Statement is prepared??
  4. Which of these documents is not required for Bank Reconciliation??
  5. The accountant of Leo Ltd. recorded a payment by cheque to a creditor for supply of materials as 1,340.56. The bank recorded the cheque at its correct amount of 3,140.56. The Company has not passed any rectification entries and the error is not detected through the bank reconciliation. The impact of this error is?
  6. Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).?
  7. Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book??
  8. Which of these items are taken into consideration for preparation of adjusted Cash Book?
  9. Bank reconciliation statement is a part of_________??
  10. Bank reconciliation statement is prepared by____________??

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