India Languages, asked by vyominiSingh21, 9 months ago

how do we explain bank reconciliation statement ​

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Answered by Anonymous
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A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals and other activities affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.

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