A bank reconciliation is a schedule explaining any difference between the balance shown in the bank statement and the balance shown in the depositor's accounting records.
Add to the balance per the depositor's accounting records any credit memoranda issued by the bank which have not been recorded by the depositor.
Deduct from the balance per the depositor's accounting records any debit memoranda issued by the bank which have not been recorded by the depositor.
Article 13. Each unit shall set up a property inventory system and ensure that the accounting records conform to the physical assets and cash holdings.
A company's accounting records must be open for inspection at all times.