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For this discussion you are going to tell your classmates about bank reconciliations. - The balance of Cash in the company's records is likely to

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For this discussion you are going to tell your classmates about bank reconciliations. - The balance of Cash in the company's records is likely to differ from the bank statement balance. What two factors are likely to be responsible for the difference? - List at least two reasons why companies prepare a bank reconciliation. - The bank reconciliation process is presented in the chapter on Internal Controls, so be sure to connect the two in your discussion post

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