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1. Why it important to reconcile the bank statement? 2. What are some of the items involved in the reconciliation process? 3. What do you

1. Why it important to reconcile the bank statement?
2. What are some of the items involved in the reconciliation process?

3.  What do you do when you find errors during reconciliation? 

4. What happens if you don’t fix them? Name other accounts that can be reconciled.

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Answer 1 Reconciling the bank statement means matching the company balances and transactions with the financial data of the bank It is important to re... blur-text-image

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