Accounting · Bank Reconciliation Statement
Which of the following is NOT a correct statement regarding a bank reconciliation statement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reconciliation is prepared by the banker for the concerned enterprise.✓
- 2Reconciliation will bring out any error that may have been committed either in the cash book or in the pass book.
- 3Any undue delay in the clearance of a cheque will be shown up by reconciliation.
- 4It helps find out the actual position of the bank balance.
Correct answer
Reconciliation is prepared by the banker for the concerned enterprise.
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