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What are three important reasons to reconcile bank

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Reference no: EM132632515

Problem 1: What are 3 important reasons to reconcile bank and credit card accounts at set dates?

Option 1: To verify transactions have the correct date assigned to them

Option 2: To verify that an account balance is within its credit limit

Option 3: To verify that all transactions have been recorded for the period

Option 4: To verify that previously reconciled transactions have not been changed since the last reconciliation

Option 5: To verify that the bank has not lost its connection to QuickBooks Online

Reference no: EM132632515

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