Accountancy, asked by nandinisudish11320, 3 months ago

what do you mean by bank reconciliation system?

Answers

Answered by pmrmdchest

0

A bank reconciliation is the process by which the bank account balance in an entity's books of account is reconciled to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures needs to be examined and, if appropriate, rectified.

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