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What is Bank Reconcilation Statement?
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Answer / madhukarnaidu
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 ? | 50 Yes | 4 No |
Answer / sanjay
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 ? | 42 Yes | 8 No |
Answer / ishav
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 ? | 22 Yes | 0 No |
Answer / sudhakar
Bank Reconsiliation statement is to show the discripency in
between bank book and cash book
| Is This Answer Correct ? | 21 Yes | 5 No |
Answer / b.laxmi narasaiah
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 ? | 11 Yes | 4 No |
Answer / raj
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 ? | 9 Yes | 3 No |
Answer / jassi
Bank Reconcilation Statement is a statement Prepared for
Compare The pass book with the cash book for balanced your
account ledger
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / rajesh
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 ? | 6 Yes | 3 No |
Bank Reconciliation statement is statement prepared to
reconcile and explain the causes of disagreement between the
bank balance as per cash book and pass book on a particular
date.It is memorandum statement prepare to check the
accuracy of two balances.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / madhulika2011
A FORM THAT ALLOWS INDIVIDUALS TO COMPARE THEIR PERSONAL BANK ACCONUT TO THE BANK RECORDS OF THE INDIVIDUAL'S ACCOUNT BALANCE IN ORDETTO UNCOVER ANY POSSIBLE DISCREPANCIES.
| Is This Answer Correct ? | 1 Yes | 0 No |
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