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Answer Posted / seema
Bank reconciliation is a statement, perpared by an
organisation to reconcile the cash at bank in its own
records with the particuler bank statement on a particular
period.itis made at the end of the month.mainly the
diffrences between the two records on a particular period
may be arise due to the following:
1 cheques drawn but not yet presented in the bank.
2 cheques received but not yet deposited in the bank.
3 bank charges debited but not recorded in the
organisation's books.
4 interest credited but not recorded in the books of
organisation's books.
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