MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Bank Reconciliation Statement(BRS)

A Bank Reconc...

Question

A Bank Reconciliation is not a?

A

Reconciliation of records

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Memorandum Statement

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Ledger Account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Procedure to provide cash book adjustments

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Ledger Account

A Bank reconciliation is a statement to identify & correct the causes of differences between cash book & bank statement, but is not a ledger account.

Suggest Corrections

thumbs-up

2

Similar questions

Under Bank reconciliation statement, while adjusting the cash book:

Q. In bank reconciliation statement the account of outstanding cheques is added to ____ book balance of cash.

Q. Bank collected dividend of Rs.

25, 000

on behalf of customer which was not recorded in cash book.
In respect of the above given transaction which of the following treatment is correct for preparation of bank reconciliation statement?
(I) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then Rs.

25, 000

will be subtracted.
(II) If BRS is prepared with adjusted cash book then Rs.

25, 000

will be debited to the adjusted cash book.
(III) If BRS is prepared without adjusting cash book and the balance as per cash book is starting point then Rs.

25, 000

will be added.
(IV) If BRS is prepared with adjusted cash book the Rs.

25, 000

will be credited to the adjusted cash book.

Q. While preparing bank reconciliation statement, balance of bank account shall be taken from for matching the same with cash book.

Balance of bank account for preparation of bank reconciliation statement shall be taken from ___ for matching the same with cash book.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Bank Reconciliation Part 1

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Bank Reconciliation Statement(BRS)

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon