Bank reconciliation is a statement prepared to reconcile__________?

Related Mcqs:

Which of the following is a type of cash receipt journal + cash payment journal?

A. Bank statement B. Statement of cash flow C. Cash book D. Cash documents...

A journal entry in which two or more account is debited or credited is referred as____________?

A. Journal entry B. Multi entry C. Additional entry D. Compound entry...

Capital expenditure is an expenditure which

A. Benefits the current accounting period B. Will benefit the next accounting period C. Results in the acquisition of a permanent asset D. Results in the acquisition of a current asset...

Which of these transactions will not be recorded in cash book?

A. Cash received from debtors B. Cash paid to creditors C. Salary remained outstanding D. Cash deposited with bank...

Which of the following accounts appear(s) in the Balance Sheet of a business?

i. Stock at the end of the financial year ii. Stock at the beginning of the financial year iii. Drawings iv. Prepaid Rent v. Interest received but not yet earned A. Only (i) above B. Only (iii) above C. Both (i)and (iii) above D. (i), (iii), (iv) and (v) above...