Bank Reconciliation Statement
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Accounting for Internal Control
MS: Penyata Penyesuaian Bank · EN: Bank Reconciliation Statement · ZH: 银行往来调节表
Meaning
A bank reconciliation statement is a statement prepared to explain the difference between the cash book balance and the bank statement balance on the same date. It reconciles the two balances by accounting for items not yet recorded by one of the parties.
Example
Maju Enterprise prepares a statement that starts from the cash book balance of RM3,200 and adds an unpresented cheque of RM150 to arrive at the bank statement balance of RM3,350.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 5