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AED(د.إ)Bank Reconciliation Statement
R69.00
Use, by you or one client, in a single end product which end users are not charged for. The total price includes the item price and a buyer fee.
Resource Description
Bank Reconciliation Statement is the continuation of cash book. In Triple column cash book, we have three columns for discount, cash and bank. In Bank Reconciliation Statement we are going to compare the bank column of cash book with that of bank statement.
BANK STATEMENT OR BANK PASSBOOK:
It keeps a record of all transactions with the bank.
It shows all the deposits, withdrawals and the balance available in the bank on a particular date.
MAINTAINANCE OF ACCOUNT
• Various types of accounts such as savings account, fixed deposit account, current account etc. can be opened with the bank.
- Of these current account is the most suitable for the business concerns
BANK RECONCILIATION STATEMENT
• At the end of the period when we match the balance as per cashbook with the balance as per passbook, it may not match. This gives the reason for the preparation of bank reconciliation statement.
• It is a statement that helps to reconcile the balance as per bank column of cashbook with the balance as per bank statement and gives the reasons for such difference along with the amount.
BANK RECONCILIATION STATEMENT
• At the end of the period when we match the balance as per cashbook with the balance as per passbook, it may not match. This gives the reason for the preparation of bank reconciliation statement.
• It is a statement that helps to reconcile the balance as per bank column of cashbook with the balance as per bank statement and gives the reasons for such difference along with the amount.
BANK RECONCILIATION STATEMENT
• At the end of the period when we match the balance as per cashbook with the balance as per passbook, it may not match. This gives the reason for the preparation of bank reconciliation statement.
• It is a statement that helps to reconcile the balance as per bank column of cashbook with the balance as per bank statement and gives the reasons for such difference along with the amount.
Most of the differences are caused by differences in the time at which items are recorded. Disagreement may also arise because of errors in recording either by business in the cash book or by the banker in the bank statement. Hence, to reconcile these two and match the balances bank reconciliation statement is prepared on a periodic basis.
