Definition of Balance Sheet

Balance Sheet is a report that describes a company's financial position at a certain moment, also the final results accounting process. This financial report shows the company's property (assets), the amount of borrowed money (debt) and the number of equity. Equity is the difference between assets and liabilities owned by the company.

Reconciliation Bank

Reconciliation bank is adjustment between Bank Account according to Company note and Bank Statement

Cause of diferrence between Bank Statement with Company note :
1) Bank have accepted company debitor invoice while company not yet noted
2) Bank accept the expense of administration while company not yet noted.
3) Bank accept of interest while company not yet noted.
4) Bank refuse the debitor cheque
5) Outstanding cheque

Account Statement

Account Statement is made report systematically by bookkeeping shares by the end of accounting period and able to be made the source of monetary information the company

Account Statement generally there is 4 report, that is :
1. Income Statement
2. Capital Statement
3. Balance Sheet
4. Cash Inflow / Cash Outflow