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what do you mean by bank reconocilition statement

Question Posted / snigdha mohanty

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what do you mean by bank reconocilition statement..

Answer / rabindra nayak

Some time bank statement & bank Ledger will not tally
so we tally between two account by Bank reconcile method

Is This Answer Correct ?    6 Yes 5 No

what do you mean by bank reconocilition statement..

Answer / asha

There will be differences in the bank column of the cash book and the bank column of the pass book,therefore in order to match it and identify the differences it must be reconciled regularly.

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