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Answer Posted / pavan kumar bpm
Bank Reconcilation Statements are prepared on daily,
monthly, quarterly as per the organisation requirment for
analysis of cash flow in the organisation.
Bank reconcilation is done between bank statement and cash
book statement to assertain the differences between both as
on particular date.
differences might be 1)Bank charges 2) cheque issued but
not cleared 3)cheque deposited but not cleared 4)intrest on
savings account 5)ECS receipts and payments.
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