What is bank reconciliation statement

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Reference no: EM133473467

Question 1. What is internal control, and what are the objectives of a well-designed internal control structure in an organization?

Question 2. What is Bank Reconciliation Statement? Why is a periodic bank reconciliation considered part of good internal control over cash? By the way, how many of you reconcile your bank balance every month?

Reference no: EM133473467

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