How many methods are there for proof of bank balance❓

How many methods are there for proof of bank balance❓

Bank Reconciliation Statement is a statement that is held to verify the balance of our bank deposits. from the statement the bank gave us to the record in the account Let's see what is the reason why the amount that comes out doesn't match.

- Paying checks or checks that have already been paid but haven't gone to make money with the bank Make the balance from the bank higher than the actual total

- The bank increases the balance without notifying the business. causing the balance from the bank to be higher than the actual amount, such as having a transfer into the account

- Money on the way or money that the business has recorded in the account But the bank has not recorded the account. Make the balance from the bank less than the actual total.

- The bank decreases the balance without notifying the business. Make the balance from the bank less than the actual total, such as fees, book fees

- Accounting error

from all of the above This will allow us to know and understand the importance of proof of balance, right? In addition to helping to know the total amount, it also helps to verify the correctness as well.

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