what is bank reconsillation statement?
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Answer Posted / shadab ali
Bank Reconciliation is the adjusting of the difference
between two items(e.g.,balances amounts,statements,or
accounts)so that the figures are in agreement.
Reasons:
1)Cheques deposited into bank but not recorded in the bank book.
2)Cheques issued but not presented in the bank.
3)Cheques deposited but not cleared.
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