What is the purpose of preparing a bank reconciliation, Accounting Basics

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What is the purpose of preparing a bank reconciliation

Problem

a) What is a Bank Reconciliation?
b) What is the purpose of preparing a bank reconciliation?
c) Which account is the main focus of a bank reconciliation? Why?
d) Explain the importance of monthly bank reconciliations.
e) Provide 2 examples in which a business must make journal entries during a bank reconciliation.

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Accounting Basics: What is the purpose of preparing a bank reconciliation

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