What is a bank reconciliation statement and why is it prepared?

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Bank reconciliation statements guarantee payments have been handled and cash assortments have been kept in the bank. The reconciliation statement distinguishes contrasts between the bank balance and book balance, to deal with essential changes or rectifications.

Also see:

Types of Bank Reconciliation Statement

MCQ on Bank Reconciliation Statement

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What is a bank reconciliation statement? Why is it prepared?

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