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Statement that Explains the Causes of Difference Between Bank Balance of the Cash-Book and Bank Statement is Called-Bzziii
Statement that explains the causes of difference between bank balance of the cash-book and bank statement is called Bank Reconciliation Statement.So w
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Statement that explains the causes of difference between bank balance of the cash-book and bank statement is called
(a) Bank Statement
(b) Pass Book
(c) Expenses Statement
(d) Bank Reconciliation Statement
(d) Bank Reconciliation Statement
Explanation:
Statement that explains the causes of difference between bank balance of the cash-book and bank statement is called Bank Reconciliation Statement.So we defined Bank Reconciliation Statement as a summary of banking and business activity reconciling an entity's bank account with its financial records. Bank Reconciliation Statement (BRS) helps in detecting errors in the recording of transactions and determining the exact bank balance as on a specified date.
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