O-LevelAccountingVerification of accounting records7707/11 · May/June 2012 · Q91 Mark
Which is true about a bank reconciliation statement?
AIt may uncover any theft of funds.
BIt is part of the double entry records of a business.
CIt is prepared by the bank.
DIt shows items which are in both the cash book and the bank statement.
✓ Correct answer
A: It may uncover any theft of funds.
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