why is a bank reconcilation statement prepared by a firm?
Dear Student,
Bank Reconciliation Statement is prepared to reconcile (match) the balances of Cash Book and Pass Book. It is a statement that lists out the reasons of such differences between the two books and also facilitate to reconcile these differences.
For more detailed explanation, refer to the study material whose path is mentioned below:
Select the subject (Accountancy) --> Study Material --> Chapter-5 Bank Reconciliation Statement --> Lesson-1 Meaning and Need for Bank Reconciliation Statement
In case you get stuck anywhere, you can always get back to us.
We assure you our help.
Keep posting!!
Bank Reconciliation Statement is prepared to reconcile (match) the balances of Cash Book and Pass Book. It is a statement that lists out the reasons of such differences between the two books and also facilitate to reconcile these differences.
For more detailed explanation, refer to the study material whose path is mentioned below:
Select the subject (Accountancy) --> Study Material --> Chapter-5 Bank Reconciliation Statement --> Lesson-1 Meaning and Need for Bank Reconciliation Statement
In case you get stuck anywhere, you can always get back to us.
We assure you our help.
Keep posting!!