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Bank Reconciliation Statement — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBank Reconciliation Statement1 Mark
Question
Assertion (A) : A bank reconciliation statement is a statement prepared to reconcile the bank balance as per cash book with the balance as per pass book or bank statement
Reason (R) : The amount of balance shown in the pass book or the bank statement must tally with the balance as shown in the cash book.
✓

Answer

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

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