WAEC Accounting 2016 Objective — Question 10

Question 10 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.

10. Bank reconciliation statement is prepared to reconcile the differences between A. bank statement and credit transfers B. Cash book and bank transfers C. bank statement and cash transfers D. cash book and bank statement

A. bank statement and credit transfers
B. Cash book and bank transfers
C. bank statement and cash transfers
D. cash book and bank statementCorrect

Explanation

Bank reconciliation statement is the statement prepared to investigate the difference that occurred between the cashbook and the bank statement.

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