Question

_________ is a statement that compares the bank's statement and a company's accounting records Balance Sheet Bank Reconciliation Statement Profit and loss statement Pass Bo

Answer 1

Bank Reconciliation Statement

Answer 2

Bank Reconciliation Statement

Bank reconciliation statement is a record which associates the balance of the account according to the company's accounting reports with the balance asserted in the bank account.

It is common for a company's balance as per accounting documents to deviate from the balance as per bank account due to time variations. Certain actions are marked by the existence that is modernized in the bank's arrangement after a specified time lag.