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23 May, 16:08

Explain Bank reconciliation and bank statement.

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  1. 23 May, 16:24
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    A bank statement is the document sent by a bank at the end of each month showing the balance of our bank account and the transactions that had take place during the time.

    A bank reconciliation statement is a document we prepare to identify and present the reasons for the difference between the bank statement's balance and the bank accounts balance we keep in our ledger!
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