Give any three reasons for preparing bank reconciliation statement.

1.	Give any three reasons for preparing bank reconciliation statement.
Answer» The main reasons for preparing bank reconciliation statement are: 1. To identify the reasons for the difference between the bank balance as per the cash book and bank balance as per bank statement. 2. To identify the delay in the clearance of cheques. 3. To ascertain the correct balance of bank column of cash book.

Answer»

The main reasons for preparing bank reconciliation statement are:

1. To identify the reasons for the difference between the bank balance as per the cash book and bank balance as per bank statement.

2. To identify the delay in the clearance of cheques.

3. To ascertain the correct balance of bank column of cash book.

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