Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Accountancy Bank Reconciliation statement
With respect to features of Bank Reconciliation Statement (BRS), which of the following statements is INCORRECT?
1
A regular reconciliation discourages the accountant of the bank from embezzlement of funds.
2
Any undue delay in the clearance of cheques will be shown up by BRS.
3
BRS helps in finding out the actual or true position of the bank balance by incorporating the effect of any uncleared funds as well.
4
BRS will not bring out any errors that may have been committed in the cash book but is correct in pass book.
5
None of the above/More than one of the above.