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Bank reconciliation
BANK RECONCILIATION

Definition: (finance) The process of checking a business's accounts (= financial records) against a bank statement (= record from the bank of money paid and received).
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* All six elements should be in.


1. Purposeful and necessary to conduct checks ... whenever.

2. Source or primary documents are genuine, correct and complete.

3. Cross-check or comparison is painstakingly or thoroughly done.

4. Difference(s) or discrepancies, if any, are fully noted.

5. Ends in a verifiable, and correct statement being produced.

6. Process or statement - mental or documentary - serves purpose(s).
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BALANCE AS PER ..... .

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BALANCE AS PER ..... .

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