Which statement is correct about a bank reconciliation statement? A. It contains bank charges and standing orders.
Question:
Which statement is correct about a bank reconciliation statement?
A. It contains bank charges and standing orders.
B. It is part of the double entry book-keeping records.
C. It is prepared by the bank.
D. It is prepared by the trader.
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D It is prepared by the trader A bank reconciliation statement is a document that compares the ban...View the full answer
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
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A brief biography of Luca Pacioli, the inventor of double entry accounting, is shown in this video. He worked in Venice, Milan, and many other European towns before succeeding as a mathematical genius.
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