Bank reconciliation statement is prepared to reconcile th...
Bank reconciliation statement is prepared to reconcile the differences between
Bank statement and credit transfers
Cash book and bank transfers
Bank statement and cash transfers
Cash book and bank statement
Correct answer is D
A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance, while the bank's version is called the bank balance.
\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \...
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