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what do you mean by Bank Reconcliation Statement?

Answer Posted / s. rajender reddy

a form that allows individuals to compare their personal bank account records to the banks records me the individuals account balance in order to uncover any possible discrepancies since there are time difference when data entered in bank system and when date entered in the individual system . There is some time normal discrepancy between account balances . The goal me reconciliation is to determine he the discrepancy is due to error rather than timing.

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