jessicabayless jessicabayless
  • 13-08-2021
  • SAT
contestada

what is the purpose of reconcilling your own records with the monthly bank statement ?

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ramskingdom001 ramskingdom001
  • 14-08-2021

Answer:

When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.

Explanation:

hope dis help and pls can I have brainly

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