Why should a bank reconciliation be prepared? .DOC

Why should a bank reconciliation be prepared?

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https://zh.scribd.com/document/340327850/Uop-Tutorial

 

 Why should a bank reconciliation be prepared? 






To explain any difference between the bank deposits and the checks written.


 


To explain any difference between the depositor's balance per books and the balance per bank.


 


To make sure the actual cash balance is the same as the cash received from customers.


 


To make sure employees have not committed fraud.

 
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