Question

What is 'Bank Reconciliation Statement'
Answer me Quick Kindly....

Answer 1

hey there !!!

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when a transaction occur than ,, firm ( business firm ) prepares a book known as cash book and bank prepare a book known as passbook .

but ,,

whenever the balance as person shown in cashbook and as per shown in pass book do not tally we have to first ascertain the causes of difference thereof and then reflect them in a statement called bank reconciliation statement .

or

simply we can say that !!

the statement prepared for correcting the differences arises from the cash book and passbook .

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hope it helps !! .

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