Passing Bank Reconciliation Statement WIth lexlens

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Passing Bank Reconciliation Statement WIth lexlens

• Businesses maintain cash books to record both
  cash as well as bank transactions.A Cashbook has
  a cash column that shows cash available with the
  business and a bank column that shows cash at the
  bank. Bank also keeps an account for every
  customer in their books. All the deposits are
  recorded on the credit side of the customers
  account and withdrawals are on the debit side of
  their account. An account statement is sent
  regularly to the customers by the bank.
• Sometimes the bank balances as per the cash book
  and bank statement doesnt match. In case the
  balance available in the passbook doesnt match
  the bank column of the cash book, the business
  should identify the reasons for the same.
• https//lexlens.com/