UPSSSC Auditor Practice Questions - UPSSSC Auditor Recruitment Exam

What is the primary purpose of preparing a Bank Reconciliation Statement (BRS)?

To calculate the net cash profit earned by the business To reconcile the difference between the Cash Book cash column and Cash Book bank column To identify and reconcile differences between the Cash Book bank column and the Bank Pass Book balance To find out the correct value of closing inventory

Correct Answer:

To identify and reconcile differences between the Cash Book bank column and the Bank Pass Book balance

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