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The purpose of bank reconciliation a) None of the answers are correct b) These will include checking the cash/petty cash with the cash book c) to ensure inventory is ordered when needed and that items are available at the point of sale d) to ensure that a company's cash records are correct

The purpose of bank reconciliation a) None of the answers are correct b) These will include checking the cash/petty cash with the cash book c) to ensure inventory is ordered when needed and that items are available at the point of sale d) to ensure that a company's cash records are correct

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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The purpose of bank reconciliation
a) None of the answers are correct
b) These will include checking the cash/petty cash with the cash book
c) to ensure inventory is ordered when needed and that items are available at the point of sale
d) to ensure that a company's cash records are correct

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