Definition of 'bank reconciliation'
bank reconciliation in Accounting (bæŋk rɛkənsɪlieɪʃən)
Word forms: (regular plural) bank reconciliations
noun (count) (noncount)
( Accounting : Commerce )
bankA bank reconciliation is the process of adjusting a bank statement to show transactions that have occurred since the date of issue, or a document showing this.
The total deficit, as adjusted for bank reconciliation items, amounted to approximately $9,800,000.
The auditor needs to see the bank reconciliations for the past three months.
A bank reconciliation is the process of adjusting a bank statement to show transactions that have occurred
since the date of issue, or a document showing this.
Collins English Dictionary. Copyright © HarperCollins Publishers
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Definition of bank reconciliation from the
Collins English Dictionary
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