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

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyBank Reconciliation Statement1 Mark
Question
Why is Bank Reconciliation Statement prepared?
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Answer

A bank reconciliation statement is prepared to disclose the causes of the difference between the balances shown by the cash book and passbook.

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