While performing bank reconciliation what will be the reconcile item. ?

adjust the balance on the bank statement to the true, adjusted, or corrected balance. Deposits in transit are amounts already received and recorded by the company, but are not yet recorded by the bank. For example, a retail store deposits its cash receipts of August 31 into the bank's night depository at 10:00 p.m. on August 31. The bank will process this deposit on the morning of September 1. As of August 31 (the bank statement date) this is a deposit in transit. 

Outstanding checks are checks that have been written and recorded in the company's Cash account,

reconciliation statement is a document that begins with a company's own record of an account balance, adds and subtracts reconciling items in a set of additional columns, and then uses these adjustments to arrive at the record of the same account held by a third party. The intent of the reconciliation statement is to provide an independent verification of the veracity of the balance in the company account, as well as to clarify the differences between the two versions of the account.

Day Book, Bank Statement Balance

book balance and bank statement