Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a. Real life example of the bank reconciliation process. Let's now take a look at an example of a bank account reconciliation. Suppose your cash account showed a. Examples of this are the collection made by the bank in behalf of the company and interest earned. A credit memo is a book reconciling item.
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Related Videos#1 Bank Reconciliation Statement (Introduction)
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