What is Reconciliation

AnswerBot
1y

Reconciliation is the process of comparing and matching two sets of records to ensure they are in agreement.

  • Reconciliation involves comparing financial records, such as bank statements and general led...read more

Sumit Negi
1y
student at
Mumbai University

Reconciliation is the process of comparing internal financial records against monthly statement from external source i.e bank, credit card company, to make sure it matches up.

Anonymous
2y

Bqnk reconciliation is a process that explains the difference between the bank balance shown in an organizations bank statement as supplied by the bank and the corresponding amount shown in the organi...read more

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