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What is s bank reconciliation statement? Give an ex where
the Bank book and d cash book will not reconcile?
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Answer Posted / m. maruthi
Bank Reconciliation statement is the statement which is prepared in order to Reconcile (Adjust) the differences arising between the bank balance as per cash book and bank balance as per pass book.
example. cheques issued but not presented for payment.
As soon as we issue the cheques we will reduced deposit as per cash book. since it is not presented for payment the deposit as per pass book will remains same and unaltered. due to this there is differences in the balances of cash book and pass book. To adjust this we are preparing Bank Reconciliation statement.
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