MCQ
Bank Reconciliation Statement is prepared so that the difference between the undermentioned balances can be reconciled:
  • A
    Difference in the balance in the bank and the cash balance.
  • B
    Difference in the balances in the Pass Book in the beginning and at the end.
  • Difference in the Pass Book and Cash Book balances.
  • D
    None of the above.

Answer

Correct option: C.
Difference in the Pass Book and Cash Book balances.
Difference in the Pass Book and Cash Book balances.

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