What is Bank Reconciliation?

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Posted by geemiz | Posted in Theory of Accounts | Posted on 14-11-2010

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One important process in accounting is what you call bank reconciliation. This is to compare the cash transaction in your cash bank account and the cash balance in your own book. Actually this is a statement to be made monthly showing if the cash balance per ledger account and the cash balance per bank agrees.

Bank Reconciliation’s Reconciling Items

Book Reconciling Items