Question

what is bank reconciliation statement​

Answer 1

To be certain that the amount of cash reported on the company's balance sheet (and the balance in its general ledger Cash account) is the correct amount. The additions and deductions on the bank statement are compared (or reconciled) with the items that are entered in the company's general ledger Cash account.

Answer 2

When the balance of cash book and pass book of a same firm doesn't tally

Then a B.R.S is created to reconcile all the errors and mistakes
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