- account reconciliation
- 1) A procedure for confirming that the balance in a chequebook matches the corresponding bank statement. This is normally done by preparing a bank reconciliation statement2) A procedure for confirming the reliability of a company's accounting records by regularly comparing balances of transactions. An account reconciliation may be prepared on a daily, monthly, or annual basis.
Accounting dictionary. 2014.
Look at other dictionaries:
account reconciliation — 1) A procedure for confirming that the balance in a chequebook matches the corresponding bank statement This is normally done by preparing a bank reconciliation statement 2) A procedure for confirming the reliability of a company s accounting… … Big dictionary of business and management
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