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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

(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.

### Explain the Role of ‘Justice Party’ in Boycotting of Council Elections | bzziii.com

Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1.  Balance Sheet (Extract)  Liabilities Amount (Rs.) Assets Amount (Rs.) Machinery 40,000 If the value of machinery reflected in the balance sheet is overvalued by 33 1/3%, find out the value of Machinery to be shown in the new Balance Sheet:  (A) ₹ 44,000  (B) ₹48,000  (C) ₹ 32,000  (D) ₹30,000  SOLUTION (D) ₹30,000  Explanation: Machinery is overvalued Value by 33 1/3% of 40,000 Here, 33 1/3% as a fraction = \frac{33\frac{1}{3}}{100} Converting the mixed fraction to an improper fraction, we get = \frac{\frac{100}{3}}{100}  = 100/300 Simplifying this, we get = 100/300 = 1/3 = 100/300 of z = 40,000-z Because, 40,000 is overvalued Value, we will minus the real value from 40,000. = "100x"/"300" + "300z"/"300" = 40,000 = "400z"/"300" = 40,000 = 40,000 \times 300/400 = z ∴ z = 30,000 4 5