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Commerce · Q2530

Accounting

Graduate and Post Graduate · Commerce · question 2530

Q2530

The main purpose of preparing a bank reconciliation statement is . . . . . . . .

A.
to know the bank balance
B.
to compare the entries in the cash and pass books
C.
to correct the cash after comparing with pass books
D.
to reconcile cash balance as per pass book with the balance in the pass book
Answer

Answer: Option D

Solution

Answer: Option D
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