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

True

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False

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Solution

The correct option is B False
False. Bank reconciliation statement is prepared by the business firm/ company accountant/ book keeper/ customer and not by the bank as it is the responsibility of the business to present a true and fair picture of its books of accounts to its various stakeholders.

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

The correct option is B FalseFalse. Bank reconciliation statement is prepared by the business firm/ company accountant/ book keeper/ customer and not by the bank as it is the responsibility of the business to present a true and fair picture of its books of accounts to its various stakeholders.

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

The correct option is B False
False. Bank reconciliation statement is prepared by the business firm/ company accountant/ book keeper/ customer and not by the bank as it is the responsibility of the business to present a true and fair picture of its books of accounts to its various stakeholders.