What is the purpose of preparing a bank reconciliation statement?

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To reconcile the trial balanceTo verify the cash book entriesTo adjust the bank accountTo match the cash balance in the cash book with the bank balance shown in the bank statementNone of the above

Explanation

A bank reconciliation statement is prepared to compare and reconcile the cash balance recorded in the cash book with the balance shown in the bank statement. This process helps identify any discrepancies due to timing differences, errors, or omissions between the two records.