Why do we need bank reconciliation ?
https://www.youtube.com/watch?
https://www.youtube.com/watch?
1. Internal Control.
2. We review cancel checks , we get opportunity to check any fraud had happend ...
Two Balances at end of each month.
i) bank statement from the bank
ii) balance as per books in company
if to are different, we find the items that cause the difference.
To come up with true cash balance , its not either bank statement or, balance in books.
No comments:
Post a Comment