What are the benefits of preparing a bank reconciliation statement?
1 acts as a deterrent to fraud
2 identifies out-of-date cheques
3 prevents the business going into overdraft
4 provides the correct bank balance for financial statements
1 )
1, 2 and 3
1, 2 and 4
3 )
1, 3 and 4
4 )
2, 3 and 4
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