Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A book-keeper cross-checked the business bank statement against the cash book. After that, he brought the cash book up to date and, in the end, drew up a bank reconciliation statement. For what reason was the bank reconciliation statement prepared?

  • Ato ensure no transactions had been omitted from the cash book
  • Bto establish the value of unpresented cheques
  • Cto explain the difference between the cash book balance and the bank statement balance
  • Dto find out if any cheques had been dishonoured

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