Question

what do you mean by Bank reconciliation statement?​

Answer 1

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period.

Answer 2

Answer:

Bank Reconciliation Statement is a record book of the transactions of a bank account. ... Bank Reconciliation statement is also known as bank passbook. The balance mentioned in the bank passbook of the statement must tally with the balance mentioned in the cash book.

Explanation:

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