Bank Reconciliation statement is the comparision of a bank statement (sent by bank) with the

A. Cash receipt journal

B. Cash payment journal

C. Cash book

D. Financial statements

Answer: Option C

Solution(By Examveda Team)

Bank Reconciliation statement is the comparision of a bank statement (sent by bank) with the Cash book. In other words, the balance shown in the Pass Book given by the bank should tally with the balance of Bank Account Kept in his ledger or Cash Book (Bank Column).