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What is the difference between bank statement and bank reconciliation?

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Question added by Ibezim Chinemerem , student , hotel
Date Posted: 2019/04/08
Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

The bank statement is prepared and provided by banks to its clients, whereas the bank reconcilation is prepared by the clients themselves in order to match the bank's account movement and  its balance on the organization's / client's books.

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