What is Bank Reconciliation statement and which Accounts are discussed in it?

 is a process that explains the difference between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time

Bank reconciliation is rectification instrument between company and bank accounts. if we found any mistake and discrepency between bank and company accounts we can rectify it.

BSR is simply the performance of accountant. :P 

What my company accountant says he did(bank account in our books)? and what actually he did (bank statement issued by bank)

and only one account is used that is bank bank and only bank

:) :P

Agree with all above , but I think we can add that any differences can be in4 Points as below :

1) Transaction in Bank SOA and not recorded in our company Bank Book ( Either Dr. Or Cr. ).

2) Transaction in Our Company and not recorded in Bank Statement ( Either Dr. Or Cr. ).

That finally must both records statements apple to apple.

Bank reconciliation is a statement that explains the difference between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time. The accounts that are discussed in it entails both revenue and expenditure accounts which indicates receipts from and payment to.

Bank reconciliation statement is a report which compares the bank balance as per company's accounting records with the balance stated in the bank statement.

It is normal for a company's bank balance as per accounting records to differ from the balance as per bank statement due to timing differences. Certain transactions are recorded by the entity that are updated in the bank's system after a certain time lag. Likewise, some transactions are accounted for in the bank's financial system before the company incorporates them into its own accounting system. Such timing differences appear as reconciling items in the Bank Reconciliation Statement.

The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.

BANK RECONCILIATION IS A RECTIFICATION INSTRUMNT BETWEEN THE COMPANY BANK ACCOUNT AND THE  OWN CASH/BANK ACCOUNT OF THE COMPANY. IT CAN BE HELPED TO RECTIFY THE DIFFERENCE.

A company's general ledger account Cash contains a record of the transactions (checks written, receipts from customers, etc.) that involve its checking account. The bank also creates a record of the company's checking account when it processes the company's checks, deposits, service charges, and other items. Soon after each month ends the bank usually mails a bank statement to the company. The bank statement lists the activity in the bank account during the recent month as well as the balance in the bank account.

When the company receives its bank statement, the company should verify that the amounts on the bank statement are consistent or compatible with the amounts in the company's Cash account in its general ledger and vice versa. This process of confirming the amounts is referred to Bank Rconciliation.