celebgossip.us › blog › bank-reconciliation-statement-classnotes-ac. there may be deposits in transit or cheques outstanding which will not let the cash and bank account tally. Hence, we prepare a Bank Reconciliation Statement. A schedule showing the items of difference between the.
Related VideosIntroduction - Bank Reconciliation Statement - Chapter 9 - TS Grewal (Accounts Class 11th) Explanation: Bank reconciliation statement class 11 explanation Pass Book is an extract, i. Definition: A schedule showing the items of difference between the bank statement and the bank column of Cash Book is known as Bank Reconciliation Statement. C: State whether the following Statements are True or False. Answer: Bank overdraft is the amount withdrawn by a business from a bank in excess of deposits up to a prescribed limit. Answer: Bank Reconciliation Statement is prepared by a trader or businessmen to reconcile the bank balance of the Pass Book and the Cash Book.
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