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
Nearby words of 'bank reconciliation'
- bank paper
- bank raid
- bank rate
- bank reconciliation
- bank robber
- bank robbery
- bank statement
-
All ENGLISH words that begin with 'B'
Source
Definition of bank reconciliation from the
Collins English Dictionary
Fed up with the great British weather? Here’s how to afford that dream summer escape
From planning early to knowing where to look, these top tips will help you fulfil your summer holiday desires
Read more
The etymology behind 4 eggs-ellent Springtime words
We’ve explored the diverse etymology of 4 eggs-ellent words associated with spring.
Read more
Up Lit, Alexa Laugh & Meet Me at McDonald’s Hair: March’s Words In The News
Catch up on the latest words in the news this March with Robert Groves.
Read more
Join the Collins community
All the latest wordy news, linguistic insights, offers and competitions every month.
Read more