Notes on lesson on Bank Reconciliation Statement | kullabs.com

Bank Reconciliation Statement

Notes

Bank Reconciliation Statement

A bank reconciliation statement is a statement that is prepared to reconcile the balances shown by the cash book and the pass book by finding the causes of difference between two balances. This note has information about bank reconciliation statement.

Preparation of Bank Reconciliation Statement

Various procedures are adopted while preparing bank reconciliation statement. Bank reconciliation statement can be prepared either by taking balance from the cashbook or passbook as a basis. This note has information about the preparation of bank reconciliation statement.