Which of these documents is not required for Bank Reconciliation?
Correct answer: D. Trial Balance
- A. Bank column of Cash Book
- B. Bank Pass Book
- C. Bank Statement
- D. Trial Balance
Explanation
Bank reconciliation requires the bank column of the cash book and the bank pass book or statement for comparison. A trial balance is unrelated to preparing the reconciliation.
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About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
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