Bank Reconciliation

Bank Reconciliation

What is a Bank Reconciliation?

To complete a Bank Reconciliation Statement, you reconcile between the business ‘cash at bank’ records and the bank’s records from the bank statement.

The Bank Reconciliation Statement is a check from the business point of view to the banks records. The two records are then closely compared and any difference checked and adjusted. This process occurs because cash control is vital for the business and so the banking record is accurate.

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Nov'19

Fiona Smith

Oct'18

Accounting Questions and Answers

Fiona Smith

Accounting Question and Answers These accounting questions and answers will help you get help for your accounting study. As you move through the accounting questions and answers you will be led through some important accounting concepts. Take advantage of the links to the low cost tutorial topics so you understand …

Jan'18

What is a Bank Reconciliation?

Business Tutor

To complete a Bank Reconciliation Statement, reconcile between the business’ ‘cash at bank’ records and the bank’s records from the Bank Statement. The Bank Reconciliation Statement is a check from the business point of view to the banks records. The cash at bank ledger account is compared to the bank …

Bank Reconciliation

What is a Bank Reconciliation?