Bank Reconciliation Statement
Bank reconciliation statement is a statement prepared by bank for their customers. By bank reconciliation statement customer can match its personal account with bank account in case of any discrepancy. Bank reconciliation statement is managed and prepared by bank only.
Bank Reconciliation Statement: Learning Objectives: Define and explain bank reconciliation statement. What are the reasons of disagreement of the balances of cash book and bank statement. Prepare the format of the statement. Prepare bank reconciliation statement. Definition and explanation Causes of disagreement between cash