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Bank reconciliation is the process of matching the the banks statement of an account with the individual/organisation's account. The reconciliation is done through adjustments.
which shows the following:
Previous Balance (from any cut off date e.g1/1/2014)
Debit transactions
Credit transactions
Adjustments
Closing Balance (e.g31/1/2014)
the above-mentioned statement should be signed/stamped by the customer/client then its called Reconciled Account Statement.
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