Answer Posted / ashasuresh
Reconciliation is actually the differences between the bank
book and the cash book.
Eg: if Mr A receives a cheque of Rs 10,000/- and debits
this cheque into the bank in his account his cash book
might show an credit balance of Rs.10,000/- but bank might
have taken some time to still make an entry in bank pass
book . any how reconcialation should tally the bank pass
book and cash book amounts
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