what is the bank reconcliation
This query is : Resolved
13 July 2010
The process of adjusting an account balance reported by a bank to reflect transactions that have occurred since the reporting date.
13 July 2010
Bank reconciliation is the process of comparing and matching figures from the accounting records against those shown on a bank statement. The result is that any transactions in the accounting records not found on the bank statement are said to be outstanding.
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