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What is the primary purpose of a bank reconciliation statement?

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Q-00106874

To prepare financial statements

To reconcile differences between cash book and passbook

To calculate profits and losses

To determine tax liabilities

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What should be added to the cash book balance to update it during reconciliation?

Q3.

If a bank has directly credited an account with interest, how should this be handled in the cash book?

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When cheques issued by a company are not presented for payment by the payee, what adjustments are made in the bank reconciliation statement?