Accountancy, asked by kyurpatel9374, 1 year ago

Understand about the bank reconciliation and what the need of bank reconciliation in accounting procedure is.

Answers

Answered by zainu7

1

bank reconciliation statement is a statement prepared by account holder on a particular date to reconcile the bank balance as per cash book with the balance as per pass book showing the entries causing difference between the two balances

IMPORTANCE AND NEED
It brings out errors if any committed in the cash book or in the pass book and shows actual balance

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