What are the purposes of a bank reconciliation

Reference no: EM132091067

Question: 1. Describe three ways in which banking services help businesses control cash.

2. What are the purposes of a bank reconciliation? What balances are reconciled?

3. Define cash and indicate the types of items that should be reported as cash. Define cash equivalents and give two examples of a cash equivalent.

Reference no: EM132091067

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