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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 Reconciliation Statement is prepared by the Bank.
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Answer

This statement is False.
A Bank Reconciliation statement shows the causes of disagreement between the balances shown by the bank passbook and the bank balance shown by the cash book, for a particular period of time generally a month. It is prepared by the trader as he has both the books to compare and find the differences.

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