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I cannot understand bank reconciliation statement

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I cannot understand bank reconciliation statement

Posted by Sheila Babulal 6 years, 3 months ago

CBSE > Class 11 > Accountancy

2 answers

Shantha Durga 6 years, 3 months ago

It is prepared when one finds the difference in his cash book & pass book. It is not to rectify the mistake but to know why the difference has occurred

Deepanshu Vashisth 6 years, 3 months ago

Bank reconciliation statement, is the statement, which is prepare to find the defaults of your passbook or cashbook.It is prepared by the person having bank accout.

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