Reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

• Reconciliation involves comparing financial or transactional data to identify discrepancies.

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• Bank reconciliation involves comparing bank statements with internal records to ensure all transactions are accounted for.

Reconciliation means by difference between bank account to company maintain's cash account. There are two types cash book and pass book

Reconciliation menas that balance of both customer and vendor should be zero or equal if there is any variation then we should find out the reason for the same and close it