The bank reconciliation process is a means of ensuring that the cash book of the business is reconciled to the bank statement provided by the bank. The bank reconciliation is prepared as a statement called the Bank Reconciliation Statement.
Bank Reconciliation Accounting June 13th, 2018Team
Cash at bank and in hand refers to amounts which are held by a business in the form of notes and coins (e.g. petty cash) or which are held at a bank in the form of on demand deposits such as current accounts and savings accounts.