Bank Reconciliation Statement — Account STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceAccountBank Reconciliation Statement1 Mark
MCQ
How many ways are there to prepare Bank Reconciliation Statement?
A
Three
✓
Two
C
One
D
Five
✓
Answer
Correct option: B.
Two
There are three$(_3)$ ways to prepare the bank reconciliation namely:
Take the book balance and reconcile it to the bank balance
Take the bank balance and reconcile it to the book balance
Take the book balance and reconcile it to an adjusted cash balance, then take the bank balance and reconcile it to the adjusted cash balance
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