Bank Reconciliation statement is prepared by

Solution (By Examveda Team)

The correct answer is Option A: Accountant of business.
Here's why:
A Bank Reconciliation Statement is a document that reconciles the bank balance with the cash book balance.
The accountant of the business prepares this statement.

Let's break down why the other options are incorrect:
* Option B: Manager of business: While the manager oversees the business, they aren't directly involved in preparing financial statements like the bank reconciliation.
* Option C: Controller of business: The controller usually oversees the accounting department, but the accountant is the one who prepares the reconciliation.
* Option D: Accountant of the bank: The bank's accountant is responsible for the bank's records, not the reconciliation of a business's records with the bank's records. The business is responsible for reconciling their own books with the bank statement.

So, the business's accountant compares the bank statement to the business's cash records and identifies any differences, like outstanding checks or deposits in transit, to prepare the bank reconciliation statement.