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Tell about the banking reconcilation major step? why we make?

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Question added by Suleman Rafiq , Account Officer , Famos Minta Food PVT. Ltd Pakistan
Date Posted: 2017/11/13
akef mustafa khero Al kurdi Al Kurdi
by akef mustafa khero Al kurdi Al Kurdi , Finance Director , AL MANAHIL Holding Company and the Subsidiaries Deem Al Manahil, Al Manahil Deco & Al Manahil Recrea

to make balance between company book and bank book

To balance your entries with your bank account the banking reconcilation statement is prepared. The account statment and your book if showing the same number then it is ok, if there is some difference then you have to check out your the position of intransit intruments for the settlment of variation.

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