State whether the following statements are True or False with reason:A

1.	State whether the following statements are True or False with reason:A businessman can prepare a Bank Reconciliation statement only with Cash Book Balance.
Answer» This statement is False. The businessman can prepare a Bank Reconciliation statement with the help of a cash book, bank column, and passbook. It is a comparison between the two to correct the differences. Both i.e. cash book and pass book/Bank statement are required to prepare a Bank Reconciliation statement.

State whether the following statements are True or False with reason:A businessman can prepare a Bank Reconciliation statement only with Cash Book Balance.

Answer»

This statement is False.

The businessman can prepare a Bank Reconciliation statement with the help of a cash book, bank column, and passbook. It is a comparison between the two to correct the differences. Both i.e. cash book and pass book/Bank statement are required to prepare a Bank Reconciliation statement.

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State whether the following statements are True or False with reason:A businessman can prepare a Bank Reconciliation statement only with Cash Book Balance.

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