The importance of bank statement is all except
verifies the accuracy of balances of cash book and cheque book
helps to detect and rectify any error
helps to debit an account
Dhelps to update the cash book
Answer is C
A bank statement is a list of all transactions for a bank account over a set period, usually monthly. The statement includes deposits, charges, withdrawals, as well as the beginning and ending balance for the period.
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