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what is the purpose of a bank reconcilliation?
A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions.
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Asked 3/26/2014 9:13:11 AM
Updated 3/26/2014 10:32:59 AM
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A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions.
Added 3/26/2014 10:32:59 AM
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what is the purpose of a bank reconcillation?
Weegy: The purpose of the bank reconciliation is to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. (More)
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Expert Answered
Updated 3/26/2014 12:34:25 PM
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What is the purpose of a bank reconciliation?
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Updated 3/26/2014 12:57:46 PM
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The purpose of a bank reconciliation is to compare the bank balance as per company's accounting records with the balance stated in the bank statement.
Added 3/26/2014 12:57:46 PM
This answer has been confirmed as correct and helpful.
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