QUESTION 15 OF 25

What is a bank reconciliation?

A bank reconciliation is a process that matches the cash balances in an organization's general ledger to the balances on the corresponding bank statements. Bank reconciliations are commonly the responsibility of entry level staff, and therefore it's important for the candidate to be able to describe what a bank reconciliation is and what it entails.

"A bank reconciliation is an important part of the monthly accounting process. It involves verifying that the cash balances on the books tie to the balances per the bank statements. As a new accountant, I understand that bank reconciliations may fall under my responsibilities. It is a skill I look forward to learning and mastering."

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Entry Level Accountant Mock Interview

What is a bank reconciliation?

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25 Entry Level Accountant Interview Questions & Answers