|
|
|
|
|
|
|
Many companies do not conduct transactions in cash. Instead they use checks to make payments The compnay keeps records of all checks issued and recived in their cash book. At the end of the month the bank sends the company a bank statement detailing all transactions that affeccted the bank account. Sometimes however, the balance in the bank statement does not match the company's own cash book and a Bank Reconciliation Statement would have to be drawn up to show why that happened
|
|
|
|
|
|
|
|
