____ is a statement thats comparese the bank's statement and a company's accounting records
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Bank reconciliation statement is a report which compares the bank balance as per company's accounting records with the balance stated in the bank statement. It is normal for a company's bank balance as per accounting records to differ from the balance as per bank statement due to timing differences.
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Bank Reconciliation Statement is a statement thats comparese the bank's statement and a company's accounting records.
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