What is Bank Reconcilation statement?
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Answer / rakesh
Bank reconciliation statement is a statement shwoing all
kind of differences between the bank balance as per pass
book as well cash book.
Actually we maintain cash book and pass book maintained by
the bank for ex:cheque issued but not credited if u take
example like this in the bank pass book the sum is showing
as credited and where as the in our cash book we forgot to
make the entry for thsi purpose of making reconcilation we
need to prepare the bank reconciliation statement.
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Answer / abdullah amer
Bank Reconcilation Statement is the statement prepared at
peridoical intervals to reconcile the balance of cash book
with that of pass book and to find out the exact balance
with the bank.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ambreen
bank reconciliation statement is the statement which is
prepared to reconcile the balance of bank column of cash
book with bank statement.
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Answer / naveen
it is a statement reconciling the balance as shown by the bank pass book and the balance as shown by the Cash Book.
| Is This Answer Correct ? | 0 Yes | 0 No |
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