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Bank reconciliation statement?
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Bank reconciliation statement?
A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals and other activity affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.
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Bank reconciliation statement?
A statements show the reason or cases of different between cash book and pass book is called bank reconciliation statement.
Community Answer
Bank reconciliation statement?
Bank reconciliation statement is a statement mainly prepared to reconcile the difference between bank balance shown by cash book and pass book .
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Bank reconciliation statement?
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Bank reconciliation statement? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Bank reconciliation statement? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bank reconciliation statement?.
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