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PLEASE TYPED ANSWER ? Why is it critical to reconcile the bank statement on a timely basis...

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Accounting

PLEASE TYPED ANSWER ?
Why is it critical to reconcile the bank statement on a timelybasis each month?

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3.6 Ratings (320 Votes)
A bank reconciliation is utilized to contrast your records with those of your bank to check whether there are any contrasts between these two arrangements of records for your cash exchanges The closure balance of your form of the cash records is known as the book balance while the banks rendition is known as the bank balance It is incredibly normal for there to be contrasts between the two balances    See Answer
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