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why is it important for companies to prepare bank reconciliation periodically?

why is it important for companies to prepare bank reconciliation periodically?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.17E
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What is the bank reconciliation? why is it important for companies to prepare bank reconciliation periodically?

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