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sergeinik [125]
2 years ago
13

Why it is important to prepare a bank reconciliation statement at the end of each month​

Business
1 answer:
AysviL [449]2 years ago
5 0

Explanation:

The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.

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