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What is a bank reconciliation

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Reference no: EM132719981

Questions -

Q1. What is a Bank Reconciliation?

Q2. What is the purpose of preparing a bank reconciliation?

Q3. Which account is the main focus of a bank reconciliation? Why?

Q4. Explain the importance of monthly bank reconciliations.

Q5. Provide 2 examples in which a business must make journal entries during a bank reconciliation.

Reference no: EM132719981

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