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what is the accounting term of bank reconcilation? explain
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Answer Posted / d.kavitha
As per accounting term when the company/firm get the
difference between cash book bank balance & bank book
passbook balance then on that time reconciliation statement
will be prepared .
Or
simply we can say when we get the difference between as per
bank balance & in cash book particular bank coloum
balance, to reconciliation the balance difference statement
will be prepared.
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