esting Activities. 11-Bank Reconciliation Statement is prepared by the Bank. 0 True 0 False 12- The trading account is prepared to know gross profit True False 13- The owner can ascertain the financial position of the business. True False 14- A trial balance is an account, and it is not a statement True False 15- A business is an activity which is carried out with the intention of rendering service True False 16-Balance sheet indicates the expenditure & income from the business True False 17- Bank balance as per cash book means debit balance as per cash book. True 0 False 18-Funds" (as in "flow of funds") always means cash and near-cash equivalents. True False 19-Depreciation is regarded as a non-cash expense. True False 20-Depreciation is charged on current assets. True False