NCERT · Class 11 · Accountancy · Bank Reconciliation StatementA Bank Reconciliation Statement is prepared by:
Step-by-Step Solution
A Bank Reconciliation Statement is prepared by the customer of the bank (account holder) to reconcile the bank balance as per cash book with the bank balance as per passbook.
Detailed Options Breakdown
Option : The Bank
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
Option 1: The Customer of the Bank (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: The Auditor
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
Option 3: The Creditor
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
💡 Study Guide: This question tests core syllabus concepts from Bank Reconciliation Statement. For formulas, key summaries, and mock exam reference guides, read the full Bank Reconciliation Statement Revision Notes.