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Question #72884

The Bank Reconciliation Statement is prepared?

Options:

A) To rectify the mistakes in the Cash Book

B) To arrive at the Bank Balance

C) To arrive at the Cash Balance

D) To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement

Answer: The Bank Reconciliation Statement is prepared To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement.

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