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Question

From following which is the way to prepare Bank Reconciliation Statement.

A
Without adjusting cash book balance.
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B
Before adjusting cash book balance.
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C
Both of the above
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D
None of the above
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Solution

The correct option is A Without adjusting cash book balance.
A bank reconciliation statement is prepared to reconcile the differences between the balances as per cash book (bank column) and pass book (bank statement). It is prepared by taking the balance of the cash book without adjusting it as adjusting it will make both the balances match. In such a case bank reconciliation statement will not be required.

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