State whether the following statement is True or False.
Bank Reconciliation Statement is prepared at the end of every month.

True

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False

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Solution

The correct option is A True
True. Bank reconciliation statement is generally prepared when the bank statement is received, which happens at the end of every month. So it is usually prepared at the end of every month by the company accountant/ book keeper.

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Similar questions

Q. State whether the following statement is True or False.
Bank Reconciliation Statement is prepared by the Bank.

Q. State whether the following statement is True or False.
Bank reconciliation statement is generally prepared at the end of the year.

State whether the following Statements are True or False.

1) Bank Reconciliation Statement is prepared by Bank.
2) Bank Reconciliation Statement is prepared at the end of stipulated period.
3) Overdraft facility is allowed to proprietors personal account
4) Debit balance of Pass Book represents overdraft
5) Credit balance of Bank column of Cash Book represents the balance as per Cash book.
6) Bank charges debited by Bank increases bank balance in the Pass Book.
7) Interest credited in Pass Book is an income to the Customer.
8) Bank Reconciliation Statement is prepared to detect the errors the takes place in accounting

Q. State whether the following statement is True or False.
Bank reconciliation statement is prepared by the Account holder.

Q. State whether the following statement is True or False.
Bank Reconciliation Statement is prepared to detect the errors that take place to accounting.

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State whether the following statement is True or False.Bank Reconciliation Statement is prepared at the end of every month.

The correct option is A TrueTrue. Bank reconciliation statement is generally prepared when the bank statement is received, which happens at the end of every month. So it is usually prepared at the end of every month by the company accountant/ book keeper.

State whether the following statement is True or False.
Bank Reconciliation Statement is prepared at the end of every month.

The correct option is A True
True. Bank reconciliation statement is generally prepared when the bank statement is received, which happens at the end of every month. So it is usually prepared at the end of every month by the company accountant/ book keeper.