26 November 2010
There are mainly the cheque which we had issued and had made the entry in our bank book but the same was not yet presented by the person to the bank. We can track the same with the help of bank statement.
There are some other case Income may be affeted in the Bank Book and entry is not made in our Books of Accts
Reconciliation is a process of Tallying the books of Account s with that of Bank
26 November 2010
The difference between the two records on a given date may arise because of the following: Cheques drawn but not yet presented to the bank. Cheques received but not yet deposited in the bank. Interest credited and not recorded in the organization's books. Bank charges debited but not recorded in the organization's books.
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