Axs Online Executive Accountant Interview Questions and Answers

Bank reconciliation statement is a document that compares the bank's records with the company's records of its bank account.

• It helps in identifying any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure that the ending balance on the bank statement matches the ending balance in the company's accounting r