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what Bank Reconcilation ?

Answers were Sorted based on User's Feedback



what Bank Reconcilation ? ..

Answer / ammabali

Bank reconcilation is a statement prepared to reconcile the
bank balance of cash book as per the bank balance as per
pass book.

Is This Answer Correct ?    8 Yes 2 No

what Bank Reconcilation ? ..

Answer / pravin

Bank Reconcilation meanse to reconcile the agreement what
the company & bank had in between them. If bank had charged
some extra amount to company which is not as per the
agreement, reconcilation helps to identify that charges &
accordingly we do the adjustments in either our books or
inform bank to rectify at there end.

Is This Answer Correct ?    1 Yes 0 No

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