Saved Bookmarks
| 1. |
What Is The Meaning Of Reconciliation Statement? |
|
Answer» A reconciliation statement is a DOCUMENT that begins with a COMPANY's own RECORD of an account balance, adds and subtracts reconciling ITEMS in a set of additional columns, and then uses these adjustments to arrive at the record of the same account held by a third PARTY. A reconciliation statement is a document that begins with a company's own record of an account balance, adds and subtracts reconciling items in a set of additional columns, and then uses these adjustments to arrive at the record of the same account held by a third party. |
|