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English definition of “bank reconciliation”

bank reconciliation

noun [C or U]    
ACCOUNTING, BANKING the process of comparing a customer's financial records with those of a bank to make sure that they agree about the amount of money in the customer's account : You will then need to prepare a bank reconciliation , using your latest statement . a bank reconciliation statement
(Definition of bank reconciliation noun from the Cambridge Business English Dictionary © Cambridge University Press)
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