what is a reconcilation statement

Answer Posted / aftab shaikh

Bank Reconcilation a process which find the gap betwin Bank
entry and our bank ledger, If someone company give a cheque
in month end,we put this entry in our bank account means
bank ledger but still cheque are not clear in this current
mths, but cheq clered in next month, the both entries
reconcilate in a statement that is a bank reconcilation
statement.

pls check it this correct! and advice.

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