The Bank Reconciliation Statement is prepared??

Accounting Mcqs
BILAL KHATTAK0

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 Balance as per Bank Statement 

Related Mcqs:

  1. Bank reconciliation is a statement prepared to reconcile__________??
  2. Benefits of preparing Bank Reconciliation Statement includes___________??
  3. Which of these documents is not required for Bank Reconciliation??
  4. Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).?
  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 a part of_________??
  7. Bank reconciliation statement is prepared by____________??
  8. Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book??
  9. A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book?
  10. Standing orders are ________?

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