Bank reconciliation interview questions and answers

Explain Bank Reconciliation Statement. Why is it prepared?
Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained…
What are the reasons which cause pass book of the bank and your bank book not tally?
Bank charges, Amount collected by bank on standing instructions of the concern, Direct payment by customers into the bank account etc.
What are the important things to be remembered while preparing a bank reconciliation statement?
While preparing a bank reconciliation statement following important points need to be remembered:

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