Question

importance of bank reconciliation statement​

Answer 1

Answer:

here is ur answer mate.!!

The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.

Explanation:

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Answer 2

Answer:

Bank reconciliation statement ensures the accuracy of balances shown by the pass book and cash book. It provides a cash on the accuracy of entries made in both the books.It helps to detect and rectify any error committed in both the books.

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