A-LevelAccountingReconciliation and verification9706/12 · Feb/Mar 2023 · Q91 Mark
What are the benefits of preparing a bank reconciliation statement? 1 acts as a deterrent to fraud 2 identifies out-of-date cheques 3 prevents the business going into overdraft 4 provides the correct bank balance for financial statements
A1, 2 and 3
B1, 2 and 4
C1, 3 and 4
D2, 3 and 4
✓ Correct answer
B: 1, 2 and 4
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