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Answer Posted / aamer
BANK RECONCILIATION STATEMENT IS A STATEMENT PREPARED BY
ORGANISATION TO RECONCILE THE BALANCE OF CASH BOOK TO BANK
IN A COMPANY OWN RECORD WITH THE BANK STATEMENT ON A
PARTICULAR DATA.
THE DIFFERENCE MAY ARISE BECAUSE OF THE FOLLOWING REASONS.
CHEQUES DEPOSITED INTO BANK BUT NT YET COLLECTED BY BANK
CHEQUES ISSSUED BY THE ORGANISATION BUT NOT YET PRESENTED
FOR PAYMENTS
CHEQUES DIRECTELY DEPOSITED BY CUSTOMERS INTO THE BANKS.
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