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The reason we prepare a bank reconciliation is because ... it is required by law. we want to make it appear we have more cash
The reason we prepare a bank reconciliation is because ... it is required by law. we want to make it appear we have more cash than the bank says. we want to understand differences between the company's records and cash balance per bank (custodian of cash). want to get the trial balance to balance out and it will not unless we so
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