Bank reconciliation statement compares a bank statement with


Asked by admin @ in Accountancy viewed by 477 People


Bank reconciliation statement compares a bank statement with _________

Answered by admin @



Explanation:

Bank reconciliation statement is a report which compares the bank balance as per company’s accounting records with the balance stated in the bank statement.

It is normal for a company’s bank balance as per accounting records to differ from the balance as per bank statement due to timing differences.


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