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what do you mean by Bank reconcilation statement
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Answer Posted / onkar sule
A bank reconciliation statement is a statement prepared by
a customer to explain the causes responsible for the
disagreement with the bank balance as shown by the cash
book and the bank balance shown by the pass book as on a
particular date. Many a times the balance as per the cash
book n that as per the bank book does not match because of
the reasons like time taken to clear a cheque etc. In order
to concile the balance between the two statements, a
statement called Bank reconciliation statement is prepared.
It ensures that no wrong entry is passed in either of the
two books. In other words a form that allows individual to
compare their personal bank account records to the bank
records of the individual account balance in order to
uncover any possible discrepancies.
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hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
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