Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 9 - No. 26)
What are the key steps involved in preparing a bank reconciliation statement?
a) Comparing the cash book and bank statement, identifying differences, and adjusting the cash book.
b) Adding all transactions.
c) Subtracting all transactions.
d) Only considering transactions in the cash book.
Explanation
Comparing the cash book and bank statement, identifying differences, and adjusting the cash book.
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