PRC-1 · Chapter 9 · Question 11 of 100
A Bank Reconciliation Statement (BRS) is typically prepared by:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The accountant of the business.
Explanation
The BRS is an internal control document prepared by the business's own accountant to ensure their internal cash book matches the external bank records.
More Bank Reconciliations MCQs
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