what do you mean by Bank reconcilation statement
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Answer Posted / girish
Bank reconciliaion is nothing but matching the two data
base, eg. bank pass book with firms cash book. When ever we
issue the cheque that may present for payment on later date
but cash book showing less amount because check hasbeen
issed but bank balance is showing more because cheque not
presented for payment,here we should match the balance with
bank balance and cash balance. this is called
reconciliation.
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