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FinAcc Global Guide To Easy Bank Reconciliation

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26 Nov 2020

FinAcc Global Guide To Easy Bank Reconciliation

For a bank statement reconciliation, the account balance provided by the bank is compared to the general ledger of a company or a business. Businesses or companies maintain a record book in which they record both bank transactions and cash movements. The cash book's cash column reports the available cash, whereas the bank column reports the cash present in the bank. In this way, every bank...

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