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Discuss what is the purpose of preparing a bank reconciliation. Considering that we live in a world where transactions are predominantly electronic (e.g., credit cards,

Discuss what is the purpose of preparing a bank reconciliation. Considering that we live in a world where transactions are predominantly electronic (e.g., credit cards, wire transfers, EFT, points, etc. ), is the process of reconciling and keeping records important or can this be ignored?

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