Accountancy, asked by ad7781, 1 year ago

what is meant by bank reconciliation statement?

Answers

Answered by gurmeetdk
1
it is the statement that the rectify the difference between cash book and pass book . the entry will be passed in bank cash book is reconcile with the customers pass book.
Answered by sourinkrillex37
2
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 activity impacting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.
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