chambersh12 chambersh12
  • 23-01-2021
  • Business
contestada

Explain the importance of reconciling the bank at set dates

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magardhiraj0111
magardhiraj0111 magardhiraj0111
  • 23-01-2021

Answer:

The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.

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