What Is Bank Reconciliation Statement With Example?

1.	What Is Bank Reconciliation Statement With Example?
Answer» A bank reconciliation is the process of matching the balances in an entity's ACCOUNTING records for a CASH account to the corresponding information on a bank STATEMENT. The GOAL of this process is to ascertain the differences between the two, and to book changes to the accounting records as APPROPRIATE. A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.

Answer»

A bank reconciliation is the process of matching the balances in an entity's ACCOUNTING records for a CASH account to the corresponding information on a bank STATEMENT. The GOAL of this process is to ascertain the differences between the two, and to book changes to the accounting records as APPROPRIATE.

A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.

Discussion

No Comment Found

Related InterviewSolutions

Which Items On A Bank Reconciliation Will Require A Journal Entry?
What Are The Reasons Of Difference Between Bank Records And Depositor’s Accounting Record?
What Are The Steps For Preparing A Bank Reconciliation Statement?
When Bank Reconciliation Statement Prepared?
What Is The Importance Of Bank Reconciliation?
Why Is Bank Reconciliation Statement Prepared?
What Is The Meaning Of Brs In Accounting?
What Is A Reconciliation Process?
What Is A Reconciliation Account?
What Do You Mean By Gl Reconciliation?