Question

what is bank reconciliation statement​

Answer 1

Hey mate!!

Generally, customer record transaction with bank in the cash book and same transaction are recorded by bank in pass book.

On a particular date, their may be mismatch of balance between cash book and pass book. To identify the reason of mismatch on a particular date, a statement is prepared which is known as Bank Reconciliation Statement.

Hope it helps u...

Answer 2

Answer:

banking and business

Explanation:

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 deposit,withdrawals and other activity affecting a bank account for the specific period