Assertion: bank reconciliation | /r/CapableOf | explain difference
Facets:
value: between the bank balance
type: OTHER
Source sentences:
text: Definition: A bank reconciliation or bank rec is a report used to check and explain the differences between the cash balance in a company’s accounting ledger and the bank statement balance.
text: A Bank reconciliation is a process that explains the difference between the bank balance shown in an organisation's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.