0Bank Reconciliation Statement plays an important role for every budding or wanna be accountant. Hence it's important to understand not only the concept but also implement it whenever we get a chance. Its a simple concept which we unknowingly practice in our every day life whether as a college student, a working professional or as a retired person. We all withdraw or deposit cash from bank and check cash balance through Statements or pass books or atm withdrawal slips or through online banking. The whole objective is to reconcile amount spent(cash/cheque or other instruments) or deposited. Hence it's one of the topics which gets re-iterated in any B.com, ICAI, ICWAI or company secretary syllabus. Master it now and you can secure max score in this section.
Did you know? - This topic always finds itself on the question paper.
