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Q1.Explain the importance of Bank Reconciliation Statement and give real examples explaining all possible items that make differences between cash balance in general ledger

 

Q1.Explain the importance of Bank Reconciliation Statement and give real examples explaining all possible items that make differences between cash balance in general ledger and bank statement balance. (3 marks)

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Answer 1 The bank reconciliation process helps businesses to compare their internal records with their bank statements in order to identify any discre... blur-text-image

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