Accountancy, asked by guuuttf5677, 1 month ago

what is bank reconciliation statement​

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Answered by vanshutsharma21
1

Answer:

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.

Answered by hemalatha1892006
1

Answer:

bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. ... A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.

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