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what is bank reconsillation statement?
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Answer / madhulika2011
A form that allows individuals to compare their personal bank account records to the bank's records of the individual's account balance in order to uncover any possible discrepancies.
| Is This Answer Correct ? | 36 Yes | 2 No |
A bank reconciliation statemntis a statement prepared to
reconcile(explain)the difference between the balances as
shown by the bank A/c in a cash book and by the bank pass
book on a particular day.
| Is This Answer Correct ? | 24 Yes | 2 No |
Answer / 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.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / santanu chakraborty
Bank Reconciliation statement is a statement prepared to
reconcile/match entries in a typical banking operation as
per industry levels. It is a typical way to match debit and
credit entries as per bank norms and can be classified in
accordance with pass book and cash book entries. the similar
concept applies over here.
| Is This Answer Correct ? | 6 Yes | 0 No |
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