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All the following are reasons to perform a bank reconciliation except: Prepare a cash flow statement To record any service fees charged by the bank
All the following are reasons to perform a bank reconciliation except:
Prepare a cash flow statement | ||
To record any service fees charged by the bank
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To possibly identify errors made when recording cash payments or receipts
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To compare the cash balance of the general ledger to the banks record and to conclude that any differences are legitimate.
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