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What is the bank reconciliation? why is it important for companies to prepare bank reconciliation periodically? (1Mark) I know that the answer is existed in

What is the bank reconciliation? why is it important for companies to prepare bank reconciliation periodically? (1Mark)

I know that the answer is existed in Chegg. However, I want a different and a unique answer and I want it simple to understand. Please use your OWN words.

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