Definition of 'bank reconciliation'

bank reconciliation in Accounting

(bæŋk rɛkənsɪlieɪʃən)

Word forms: (regular plural) bank reconciliations

noun (count) (noncount)

(Accounting: Commerce)

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.

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.

bank

Nearby words of 'bank reconciliation'

Source

Definition of bank reconciliation from the Collins English Dictionary

Shall and will

The normal way to express simple future time in English is using the modal verb will followed by the base form of a main verb. The modal verb shall is not used very much in modern English, except in...