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Why is it critical to reconcile the bank statement on a timely basis each month?

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Accounting

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

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Solution Bank reconciliation is very important for any kind of business and this such reconciliation should be done on monthly basis to have better control system It is very critical to reconcile bank statement on monthly basis due to following reasons 1 Catching Errors Even if you    See Answer
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