What is bank reconciliation statement and why it is prepared, assignment help

timer Asked: Nov 21st, 2016
account_balance_wallet $5

Question Description

What is bank reconciliation statement and why it is prepared.

Tutor Answer

School: New York University

Bank Reconciliation statement is a statement which reconciles the bank balance as per cash book with the balance as per bank pass book by showing all causes of difference between the two. Bank Reconciliation statement is a very important tool fo...

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