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i) Write a letter to Mr & Mrs Wheeler, explaining why the bank balance in the ledger account (or T-Account) wont always equal the balance
i) Write a letter to Mr & Mrs Wheeler, explaining why the bank balance in the ledger account (or T-Account) wont always equal the balance on the bank statement on a particular date, and common reasons for differences. Also an introduction and overview of bank reconciliations What is a bank reconciliation? What is its purpose? How is it prepared?
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