English, asked by ujjavalsahu471, 5 months ago

Explain the importance of bank reconciliation statement​

Answers

Answered by sanskarpatel18
16

When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.

Hope it helps you...

Answered by HEROVG
13

Answer:

When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.

Explanation:

hope it helps✌❤

mark as brainliest

Similar questions