wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A Bank Reconciliation Statement is a ___.


A

Part of cash book

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

Part of bank account

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

Part of financial statements

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

None of the above

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

The correct option is D

None of the above


A bank reconciliation statement is a process that explains the difference on a specified date between the bank balance shown in an organisation's bank statement, as supplied by the bank, the corresponding amount shown in the organisation's own accounting records but it is not a part of anything stated in the options.


flag
Suggest Corrections
thumbs-up
6
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Bank Reconciliation Part 1
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon