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Subject - Accounting:

Financial Accounting

MCQ - 117-119

Question:

Which of the following is NOT a function of bank reconciliation statement?

  1. To check for errors in balance sheet
  2. To update omitted entries into the cash book
  3. To update omitted entries into the bank statement
  4. To update omitted entries into the cash book

Correct Answer: A

Explanation:

Not required

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355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: Which of the following is NOT a function of bank reconciliation statement? , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 117-119.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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