Which of these statements is false?
1
When Bank Reconciliation Statement is initiated with favorable balance (debit) as per cash book, the locker rent charged by the bank is deducted.
2
When Bank Reconciliation Statement is initiated with favorable balance (debit) as per cash book, the bank charges levied by the bank are deducted.
3
When Bank Reconciliation Statement is initiated with cash book favorable balance (debit), the wrong debit in the passbook is deducted.
4
When Bank Reconciliation Statement is initiated with a favorable balance (debit) as per the cash book, the wrong credit in the cash book is deducted.