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what is the Definition of reconciliation? / define
reconciliation?
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Answer / raturivikas
reconciliation means to check the balances of our records
with the records of our client to find out the diffrences
between the two. & also to check the balance of our cash
book with the balance of our bank.
| Is This Answer Correct ? | 20 Yes | 3 No |
Answer / amit chauhan
In Bank reconciliation we checks our cashbook's entries to the bank passbook entries.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / kafeel
Word "reconciliation is a broad term.
It simply means to reconcile it two set of record and
identifying deviation from it.
Professionals accounts must track and control thier
reconcilation area for more effective and efficient
transaction of company.
In finance we usuallly reconcile :
1.Bank book with bank statment
2.Physical records with inventory records.
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / nidhi chaturvedi
Reconciliation means to check and match the cash book's entries to the bank pass book entries.
| Is This Answer Correct ? | 1 Yes | 0 No |
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