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Bank Reconciliation Statement — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyBank Reconciliation Statement2 Marks
Question
Bank column in Cash Book represents Proprietor’s Savings A/c.
✓

Answer

This statement is False.
Cashbook records only business transactions and not the personal A/c of the trader. The Bank column in Cash Book represents Business Current A/c and not the proprietor’s savings A/c.

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