Question

what is meant by bank reconsilation statement

Answer 1

In bookkeeping, a bank reconciliation statement is a process that explains the difference on a specified date between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records.

Answer 2

difference on a specified date between the bank balance shown in an organisation bank statement as supplied by the bank and corresponding amount shown in the organisations own accounting record