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What is the purpose of bank reconciliations

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Reference no: EM133062505

Question -

Q1. What is the purpose of bank reconciliations? What are the dangers of not reconciling a bank account?

Q2. What internal controls relate to performing bank reconciliations?

Q3. Do you reconcile your bank account? How do you tell how much money you have available? Does this system always work for you? Would your system work for a business?

Reference no: EM133062505

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