Accounting Dictionary - Letter B

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Bank reconciliations
compare bank records (from bank statements) with the entity's general ledger (cash accounts). An external source (i.e., bank statements) is used in preparing reconciliations. Bank reconciliations assist in ensuring that the entity's records (e.g., general ledger cash accounts) and the bank records are complete and correct.
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