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WHAT IS BANK RECONSILAION STATEMENT?

Answer Posted / pramod ingle

Bank Reconsilation statement is the statement from which we
know the situation of our bank and our cash book.
Bank Reconsilation is exactly when we done transaction
with bank and we done a entry in our accounts book that
means our bank and cash book are same if any mestakes is
accoure in bank book or cash book then from bank
reconsilation we know where is the problem and from this we
know the the mistakes. Bank reconsilation means the
correction of entries in bank or cash book.

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