Assistant Record to Report Manager Interview Questions and Answers

Bank Reconciliation Statement is a document that compares the bank balance as per the company's records with the bank statement.

• It helps identify any discrepancies between the company's records and the bank's records.

• It ensures that all transactions are accurately recorded and any errors or omissions are identified.

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

• The statement is prepared periodically, usually monthly, ...read more