In Piaget's preoperational stage, children are imaginative and unable to reconciliation errors in their thinking such as errors in a conservation task. Once these errors are resolved and the child is capable of more advanced thinking, the preoperational stage is over.
Reconciliation is a method used in accounting to compare two sets of records and determine whether the statistics are accurate and consistent. The general ledger's accounts' consistency, accuracy, and completeness are also verified by reconciliation. But aside from corporate goals, reconciliation can also be used for private interests.
When two financial records or account balances mismatch, account reconciliation is especially helpful in explaining why. Given when payments and deposits are made, some variations might be acceptable. However, unexplained or puzzling inconsistencies could indicate fraud or accounting fraud. Reconciling your data can be done daily, monthly, or yearly for both businesses and individuals.
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