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Bank Reconciliation Statement — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBank Reconciliation Statement1 Mark
Question
Assertion (A) : It is generally experienced that when a comparison is made between the bank balance as shown in the firm's cash book, the two balances do not tally.
Reason (R) : The differences between the cash book and the bank pass book are caused by either timing differences in recording of the transactions or errors made by the business or by the bank.
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Answer

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

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