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Question
What is Bank Reconcilation Statement?
 Question Submitted By :: Madhukarnaidu
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Bank Reconcilation Statement?
Answer
# 1
Bank Reconcilation statement is a statement which explains 
why there is a difference between the balance shown in the 
cash book and that shown in the pass book for a particular 
period
 
Is This Answer Correct ?    1 Yes 2 No
Madhukarnaidu
 
  Re: What is Bank Reconcilation Statement?
Answer
# 2
Bank reconcilation statement is the statement which gives 
complete satisfactionary explanation for the  differences  
between cash book balances and pass book balances.
 
Is This Answer Correct ?    7 Yes 1 No
Sanjay
 
 
 
  Re: What is Bank Reconcilation Statement?
Answer
# 3
Bank Reconsiliation statement is to show the discripency in 
between bank book and cash book
 
Is This Answer Correct ?    1 Yes 1 No
Sudhakar
 
  Re: What is Bank Reconcilation Statement?
Answer
# 4
when the accounts for the same trasactions are mainted at 
two differennt places, there is bound be a differnce 
between the balance of them, and anylizing the reasons for 
such difference is known as reconciliation.

Now Bank Reconcilitaion Statement

Records for the bank related transactions are maintained at 
our end & bank's end & and at the end of a particular 
period there may be some differnce in the balance as per 
our records and bank's record due to 2 mains reasons
1.) Entries recorded in our books and not in Bank Records
2.) Entries recorded by Bank and not recorded by us.

Now analyzing such reasons and presenting them in a legible 
format is Bank Reconciliation Statements.
 
Is This Answer Correct ?    5 Yes 0 No
Ishav
 
  Re: What is Bank Reconcilation Statement?
Answer
# 5
Bank Reconcile Statement is the statement reconciling
balances as shown by the Bank pass book and as shown by the
cash book.
 
Is This Answer Correct ?    1 Yes 1 No
B.laxmi Narasaiah
 
  Re: What is Bank Reconcilation Statement?
Answer
# 6
bank reconcilation is the statement prepare to know the 
balances as per bank & difrence between bank book & cash 
book.to tally the cash book
 
Is This Answer Correct ?    0 Yes 0 No
Raj
 
  Re: What is Bank Reconcilation Statement?
Answer
# 7
Bank Reconcilation Statement is a statement to reconcile 
the bank balance as per cash book with bank balance as per 
pass book
 
Is This Answer Correct ?    0 Yes 0 No
Rajesh
 

 
 
 
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