Question

what do you understand by the term bank reconciliation statement?​

Answer 1

Answer:

In bookkeeping, a bank reconciliation is the process by which the bank account balance in an entity's books of account is reconciled to the balance as reported by the financial institution in a bank statement. ... Bank statements are commonly routinely produced to enable account holders to perform bank reconciliations.

Answer 2

ΔŇŞŴ€Ř

❇️ ᴡʜᴀᴛ ɪs ᴀ ʙᴀɴᴋ ʀᴇᴄᴏɴᴄɪʟɪᴀᴛɪᴏɴ sᴛᴀᴛᴇᴍᴇɴᴛ? ᴀ ʙᴀɴᴋ ʀᴇᴄᴏɴᴄɪʟɪᴀᴛɪᴏɴ sᴛᴀᴛᴇᴍᴇɴᴛ ɪs ᴀ sᴜᴍᴍᴀʀʏ ᴏғ ʙᴀɴᴋɪɴɢ ᴀɴᴅ ʙᴜsɪɴᴇss ᴀᴄᴛɪᴠɪᴛʏ ᴛʜᴀᴛ ʀᴇᴄᴏɴᴄɪʟᴇs ᴀɴ ᴇɴᴛɪᴛʏ's ʙᴀɴᴋ ᴀᴄᴄᴏᴜɴᴛ ᴡɪᴛʜ ɪᴛs ғɪɴᴀɴᴄɪᴀʟ ʀᴇᴄᴏʀᴅs. ᴛʜᴇ sᴛᴀᴛᴇᴍᴇɴᴛ ᴏᴜᴛʟɪɴᴇs ᴛʜᴇ ᴅᴇᴘᴏsɪᴛs, ᴡɪᴛʜᴅʀᴀᴡᴀʟs ᴀɴᴅ ᴏᴛʜᴇʀ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴀғғᴇᴄᴛɪɴɢ ᴀ ʙᴀɴᴋ ᴀᴄᴄᴏᴜɴᴛ ғᴏʀ ᴀ sᴘᴇᴄɪғɪᴄ ᴘᴇʀɪᴏᴅ.

h໐pē it hēlpŞ ๓คrk คŞ thē ๖rคiຖliēŞt..... ❣️

#Ⓕⓞⓛⓛⓞⓦ Ⓜⓔ!