The importance of bank statement is all except
-
A.
verifies the accuracy of balances of cash book and cheque book -
B.
helps to detect and rectify any error -
C.
helps to debit an account -
D.
helps to update the cash book
Correct Answer: Option C
Explanation
Bank statement is prepared by the bank to an account border showing the transactions between the customer and the bank within a period of time. It is usually issued monthly or at agreed intervals to the customers.