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What is a reconciliation statement?

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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/07/01
Zaheer uddin Raja
by Zaheer uddin Raja , Accounts Supervisor , Pakistan International Airlines

A statement that makes two related accounts consistent with each other by showing logical adjustments for unrecorded items (recorded in any one account but not in the other) and errors.

animesh sen
by animesh sen , Food And Beverage Controller , Rutt Deen Pvt Ltd

a reconciliation statement is a document that begins with a company's own record of an account balance, adds & subtracts reconciling items in a set of additional columns, and then uses these adjustments to arrive at the record of the same account held by a third party.

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