What do you mean by" bank reconciliation"?, Accounting Basics

A Bank reconciliation manipulates cross verifying the entries in the cash book(bank balance)with that of pass book.

Mostly the reasons for disagreement of cash book with that of pass book are as follows:

1.cheques placed but not collected by bank.

2.cheques issued but not offered for payment.

 

Posted Date: 3/30/2013 3:28:45 AM | Location : United States







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