What is the main purpose of Bank Reconciliation Statement ?
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pareekaxy:
A bank reconciliation is used to compare your records to those of yourbank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance, while the bank's version is called the bank balance
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A bank reconciliation is used to compare your records to those of yourbank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance, while the bank's version is called the bank balance.
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