Question:
A bank reconciliation statement is -
A bank reconciliation statement is -
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The BRS ensures accurate records by reconciling differences between the Bank Pass Book and Cash Book.
Updated On: Dec 18, 2024
- A part of Cash Book
- A part of Bank Pass Book
- A statement prepared by the bank
- A statement prepared by a customer
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The Correct Option is D
Solution and Explanation
A Bank Reconciliation Statement (BRS) is prepared by the account holder (customer) to reconcile the balance as per the Cash Book and the Bank Pass Book. It identifies any discrepancies caused by timing differences or errors.
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