August 15, 2018

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BANK RECONCILIATION_ 3



BANK RECONCILIATION_ 3

If the balance shown by the pass book
is different from the balance shown by bank column of cash book, the
business firm will identify the causes for such difference. It becomes
necessary to reconcile them. To reconcile the balances of Cash Book and
Pass Book a statement is prepared. This statement is called the ‘Bank
Reconciliation Statement.




 



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