A.Which of the following correctly describe(s) why a bank reconciliation is prepared ? (i) to…

A.Which of the following correctly describe(s) why a bank reconciliation is prepared ?

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(i) to identify entries which have been generated by the bank, but not recorded in the cash book

(ii) to identify errors in the entries in the cash book

A (i) only

B (ii) only

C both (i) and (ii)

D neither (i) nor (ii)

B. Kabita pays her mortgage by instructing the bank to make monthly payments of a fixed amount from her current account. When the mortgage rate changes she issues revised instructions to the bank. Which method of payment is Kabita using ?

A standing order

B payable order

C direct debit

D crossed cheque