Bank Reconciliation Statement
Bank Reconciliation Statement A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals and other activity affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud. A Bank reconciliation statement is a statement prepared as part of the reconciliation which sets out the e ...
