Multiple Choice Questions on Bank reconciliation statement compares a bank statement with ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Bank reconciliation statement compares a bank statement with ........

General Accounting Principles Bank reconciliation statement
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    Bank reconciliation statement compares a bank statement with _________

    Cash payment journal

    Incorrect Answer

    Cash receipt journal

    Incorrect Answer

    Financial statements

    Incorrect Answer

    Cashbook

    Correct Answer
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    Explanation:

    Bank reconciliation statement is a report which compares the bank balance as per company's accounting records with the balance stated in the bank statement i.e. cashbook

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