Why is Bank Reconciliation Statement not an account?

Bank reconciliation Statement is a statement not an account because of the following reasons:

  • The transactions are not the primary entry.


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  • The transactions are not classified.
  • The statement does not show any credit or debit balance.
  • The format of the statement is not like that of an account.
  • The rules of debit and credit are not followed when preparing the statement.
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