New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    The main purpose of preparing a Bank Reconciliation Statement is:

    A to know the Cash Book Balance Correct Answer Incorrect Answer
    B to know the Pass Book Balance Correct Answer Incorrect Answer
    C to compare the transactions in the Cash Book and Pass Book Correct Answer Incorrect Answer
    D to correct the Cash Book Correct Answer Incorrect Answer
    E to reconcile Balance as per Cash Book with the Pass Book Balance Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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