Question

what is meant by bank reconsilation

Answer 1

Bank reconciliation statements a summary of Banking and the business activity that reconciles an entity's bank account with its financial records . the statement outlines the deposits , withdrawals , and other activity in packing a bank account for a specific period . bank reconciliation statement is a useful financial internal control tool used to thwart fraud..

Answer 2

What is meant by bank reconsilation?

I suppose it was

What is ment by bank reconciliation statement?

However ,

Bank reconciliation statement is a statement which is prepared to tally the balance in cash book (owned by owner) and pass book (owned by bank).

Basically

It's a statement which specifies the difference between the balances of both the books.

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