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

True

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False

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Solution

The correct option is A True
True. Bank reconciliation statement is prepared by the account holder / business firm/ company and not any third party or the bank as it is the responsibility of the business firm/ company 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 Account holder.

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