Accountancy, asked by twinkle445, 3 months ago

Is Preparation of bank reconciliation statement is perfect to find out

the actual or correct bank balance.​

Answers

Answered by nidhi2279
1

Answer:

Yes .A bank reconciliation is a schedule the company (depositor) prepares to reconcile, or explain, the difference between the cash balance on the bank statement and the cash balance on the company’s books.

The company prepares a bank reconciliation to determine its actual cash balance and prepare any entries to correct the cash balance in the ledger.

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