Difference between bank statement and bank reconciliation


Answer the following questions about the bank reconciliation:

1. What is the difference between a bank statement and a bank reconciliation?

2. Is the bank reconciliation a journal, a ledger, an account, or a financial statement? If none of these, what is it?

If possible, please give examples to better understand your answers.

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Accounting Basics: Difference between bank statement and bank reconciliation
Reference No:- TGS02112160

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