Concept of Bank Reconciliation Statement
By angnima
@angnima (772)
Nepal
February 20, 2007 5:51am CST
The difference between the firm's Cash Book and
the Bank Pass Book balance need to be explained.
For explaining the difference between the Cash Book
and Pass Book balance,reconciliation is required to
be prepared.And such reconciliation is called a
Bank Reconciliation. A Bank Reconciliation is a
schedule explaining any difference between the
balance shown in the Bank Pass Book and the
balance shown in the Cash Book.
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