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Do you agree on the following statements? Write “yes” if you agree, and write “no” if you disagree. (a) Bank reconciliation statement is prepared by the banker. (b) Adjusting the cash book before preparing the bank reconciliation statement is compulsory. (c) Credit balance as per bank statement is an overdraft. (d) Bank charges debited by the bank increases the balance as per bank statement.(e) Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book. |
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Answer» (a) No (b) No (c) No (d) No (e) Yes |
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