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English definition of “reconciliation statement”

reconciliation statement

noun [C]     (also reconciliation)
ACCOUNTING a document that compares different financial accounts , amounts , etc. in order to check that they add up to the same total or to explain any differences between them: The company must make available all its bank reconciliation statements . The auditors will need to see your monthly reconciliations.
(Definition of reconciliation statement noun from the Cambridge Business English Dictionary © Cambridge University Press)
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