Benefits of preparing Bank Reconciliation Statement includes___________?
- It bring out any errors committed in preparation of Cash book / Bank Pass Book
- Highlights under delay in clearance of cheques deposited but not credited
- Help know actual bank balance
- All the three
Explanation
Benefits of preparing Bank Reconciliation Statement includes bringing out any errors committed in preparation of Cash book/Bank Pass Book, Highlighting under delay in clearance of cheques deposited but not credited and helps knowing actual bank balance.
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