Bank Statement: It is periodic statement of account which a commercial bank gives to its customers either monthly or quarterly which has shown the amount deposited and amount withdrawn including the balance whether credit or debit balance. Whereas bank reconciliation statement is the brining of the activities of the bank and that of the office into agreement. It is prepared by the Cashier/Bursar or Account Clerk at regular interval e.g. yearly or half yearly.
Differentiate between bank statement and bank reconciliation statement. – NABTEB QUESTION
