A-LevelAccountingReconciliation and verification9706/12 · May/June 2025 · Q101 Mark
Why does a business prepare a bank reconciliation statement?
Ato determine the cash in hand balance
Bto explain the difference between the cash book balance and the bank statement balance
Cto identify dishonoured cheques from trade payables
Dto prepare a statement of profit or loss
✓ Correct answer
B: to explain the difference between the cash book balance and the bank statement balance
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Reconciliation and verification and see which topics are most likely to come up next.
Sign up free →