A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2024 · Q101 Mark
What are the advantages of preparing a bank reconciliation statement? 1 It eliminates the risk of fraud in banking transactions. 2 It helps to identify errors in bank statements. 3 It helps to identify out-of-date cheques.
A1, 2 and 3
B1 and 2 only
C1 and 3 only
D2 and 3 only
✓ Correct answer
D: 2 and 3 only
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