reconciliation statement

Definition

noun
a statement which explains how two accounts can be made to agree

Use this term in a sentence

You may want to try and come up with a good reconciliation statement that will help you close the deal.

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There was a reconciliation statement and that was meant to make two accounts the same and I wondered why it existed.

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After my boss had difficulty comparing financial results across different countries, he asked our accounting department to prepare a reconciliation statement for him.

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reconciliation reconditioning reserve