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The importance of bank statement is all except

The importance of bank statement is all except
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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.

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