American Express Interview Question: Do you know about reconciliat... | Glassdoor

Interview Question

Financial Analyst Interview Gurgaon, Haryana (India)

Do you know about reconciliation? How many types of

  reconciliations can be done? Why is the reconciliation done ?
Answer

Interview Answer

1 Answer

2

Yes, reconciliation is done whenever there is a mismatch between the two seprate accounts. Mostly done reconciliation is BRS (Bank Reconciliation Statement). In order to find out why there are differences in two books which have impact on each other coz both hit simultaneously each other they must be accurate. Major reasons can be amount paid but not yet booked or vice-versa.

Interview Candidate on Jun 7, 2012

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